VLSystem Algorithm
Updated
VLS Algorithm shows possibility to entrance short position at level SELL 1.
It means market will have to brake the red line first!!!!! ( a lot of traders believe the red line is going to hold and the market will bounce and it will continue down)
Green line is the algorithm level to start activate first chances to open short transactions.
From my perspective it is a big possibility the market will continue UP until Sell 1 level or even higher.
Happy trading and good luck traders!!!!
It means market will have to brake the red line first!!!!! ( a lot of traders believe the red line is going to hold and the market will bounce and it will continue down)
Green line is the algorithm level to start activate first chances to open short transactions.
From my perspective it is a big possibility the market will continue UP until Sell 1 level or even higher.
Happy trading and good luck traders!!!!
Note
Almost 3 months latter we passed the Algorithm level for short (green line)Market made new lower low level which means Algorithm found new levels for short positions.
I will make new idea for this pair and another possibilities for the next pips.
Related publications
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.