Entry condition - oc above top of channel (red line)
RR 1:5 assuming new channel line
For
Breaking out of channel
Up ward stochastic
Seems to want to go up
Against
May only be through 2 waves of a 3 wave correction
Weak wave on MCAD
RR 1:5 assuming new channel line
For
Breaking out of channel
Up ward stochastic
Seems to want to go up
Against
May only be through 2 waves of a 3 wave correction
Weak wave on MCAD
Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.