Currently we are being guided by a strong selling teal on the LTF but we must keep in mind the HTF algorithms of red and white (which are bullish liquidity builders). Right now, we need to see who wins out in this fight between teal and red - if we break red and prove teal guidance, we are definitively in strong selling and can easily make our way toward the HTF white at the low $500's.
As always, let the algorithms guide you!
Happy Trading :)
As always, let the algorithms guide you!
Happy Trading :)
Trade active
Incredible day trade (short term long) opportunity as we beautifully held the red tapered selling algorithm that we identified. Note
To add to that previous update, when we day trade, we are looking to trade HTF algorithms and ONLY HTF algorithms and levels. LTF information should not matter when determining an entry - it should be entirely based on where HTF price has intention to go. This was one of those HTF levels that, if held with confluences, has the ability to bring us at minimum to our nearest HTF algorithm which it did just that.
Perfect example of a LTF trade utilizing HTF algos!
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.
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.