Thesis is outlined in the chart.
Heavy 4H TF divergence > Bearish breakout already retested impulse followed by correction to 78.6%
Inverted hammer above box
Waiting for strong closing bearish candle and then retest of 199.504 to enter
90% probability based on rule parameters
Heavy 4H TF divergence > Bearish breakout already retested impulse followed by correction to 78.6%
Inverted hammer above box
Waiting for strong closing bearish candle and then retest of 199.504 to enter
90% probability based on rule parameters
Note
Price has broken below support > Moving SL to BE if I hold overnight. If I stay up some hours, I will leave it as is.Note
Stopped at BE overnight. Looking for signs to re-enter at some point. Setting Alert for price to break below the box. I am seeing divergence on the hourly TF with the new top that was created.Trade closed: target reached
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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.