This points out a higher anticipated target area for current rally to reach,
then focusing on an opportunity for shorting into an 8/34 cross (or
similar type cross of preference). This method simply makes the
entry less subjective. It takes advantage of several favorable factors,
one being confirmation (mas crossing), then shorting into strength (pullback).
This could be done on a lower TF to tighten risk/increase reward if desired.
then focusing on an opportunity for shorting into an 8/34 cross (or
similar type cross of preference). This method simply makes the
entry less subjective. It takes advantage of several favorable factors,
one being confirmation (mas crossing), then shorting into strength (pullback).
This could be done on a lower TF to tighten risk/increase reward if desired.
Note
Also note that the anticipated area for (B) to reach AB=CD is retesting the twin tops in 2015. Just another case of "look left". :o)
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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.