Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
1. levels are working great here 2. globally uptrend, locally downtrend 3. the level was confirmed with 2 false breakdowns 4. distant test 5. approaching with paranormal bars 6. from top to the bottom -27.84% 7. no accumulation near the level so far, approaching with paranormal bars 8. no rollback 9. closed in more than 1 ATR distance 10. level of a pullback + paranormal bar from that point was made move to the other side of the range 11. has enough room for a move 1 to 5.1 12. no model ascending lows 13. report on November 13
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
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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.