When looking for potential laggard plays I like to try and find patterns of accumulation or distribution
INJ :
In accumulation, I often look for an equilibrium pattern that happened after a big move on whatever timeframe makes the most sense and has the most clarity!
In this case, we are on the two day timeframe.
I look for a stop hunt of that range EQ low in that case. this is circled in my chart that a large fund or larger trader needs to find liquidity and the liquidity is always inside the retail stops.
This is what makes trading hard, because as a beginner, you learn to have your stops at these levels.
Often in equilibrium patterns, this can be a valid strategy.
But we're looking for accumulation or distribution you want to see that stop hunt.
And you can see that on the two daytime frame
Then if you look at the four hour now after a back test of this entire range from April and May, it is starting to show another type of accumulation pattern, so-called Adam and Eve pattern.
If you can catch the lows of a pattern like this off of the four hour timeframe, you have a tighter stop with less risk and potentially you catch the weekly or the monthly higher low.
INJ :
In accumulation, I often look for an equilibrium pattern that happened after a big move on whatever timeframe makes the most sense and has the most clarity!
In this case, we are on the two day timeframe.
I look for a stop hunt of that range EQ low in that case. this is circled in my chart that a large fund or larger trader needs to find liquidity and the liquidity is always inside the retail stops.
This is what makes trading hard, because as a beginner, you learn to have your stops at these levels.
Often in equilibrium patterns, this can be a valid strategy.
But we're looking for accumulation or distribution you want to see that stop hunt.
And you can see that on the two daytime frame
Then if you look at the four hour now after a back test of this entire range from April and May, it is starting to show another type of accumulation pattern, so-called Adam and Eve pattern.
If you can catch the lows of a pattern like this off of the four hour timeframe, you have a tighter stop with less risk and potentially you catch the weekly or the monthly higher low.
Note
its also trying to bounce exactly from this long range POC: this is a patient trade for a SWING entry so relax.Note
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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.