Overextended %B (sub 2 std dev) indicates local "value".
Divergences on all three of FT, Mom and MACD.
Doji on high volume.
Combine to point to a reversal.
TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37
SL: maintain 1:1 risk reward?
Exit if not moving into profit with 3/4 bars.
Divergences on all three of FT, Mom and MACD.
Doji on high volume.
Combine to point to a reversal.
TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37
SL: maintain 1:1 risk reward?
Exit if not moving into profit with 3/4 bars.
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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.
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.