This is how I see it forming.
We are overextended to the downside so I am looking for an accumulation at the bottom of the range.
When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel.
The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending trendline that will break to the upside.
The entry and exit criteria are up to you
We are overextended to the downside so I am looking for an accumulation at the bottom of the range.
When the market makers will end accumulating, it will likely shoot up like a spring to go reach the top of the channel.
The best price action too look for on a smaller timeframe is a slow accumulation down with a clear down trending trendline that will break to the upside.
The entry and exit criteria are up to you
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.
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.