Limitless Idea; S&P500 possible long.
-Using the 4HR time frame I found a busy Zone which price previously entered and there was action.
- My strategy consists on locating a OTZ ( optimal trading zone), using the 4HR help locate the overall direction.
-I like to see price enter this zone above, once this is confirm then i will wait until price retest it for a new support area.
-My confirmation for new support area consists of a double bottom pattern with a hammer candlestick following the confirmation.
-Then, I use First Wick which created the OTZ along with ATR to locate my Stop Loss.
Limitless Trading Firm.
- My strategy consists on locating a OTZ ( optimal trading zone), using the 4HR help locate the overall direction.
-I like to see price enter this zone above, once this is confirm then i will wait until price retest it for a new support area.
-My confirmation for new support area consists of a double bottom pattern with a hammer candlestick following the confirmation.
-Then, I use First Wick which created the OTZ along with ATR to locate my Stop Loss.
Limitless Trading Firm.
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