With the double bottom this week I expect we move a bit higher on low volume or maybe chop next week and then we continue the ascent week after next. My Strategy backtests with 56% accuracy, PF 2.4. The avg winning long is 3x average losing long. Short wins are a little more than 1:1 which isn't ideal but still over 65% chance at hitting short profit targets.
Disclosure, I am taking small positions as I explore the possibilities of this ATR-based renko strategy. So far very good results with
SPY and 
QQQ
Stop at about 171.3
Disclosure, I am taking small positions as I explore the possibilities of this ATR-based renko strategy. So far very good results with
SPY and QQQStop at about 171.3
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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.