sell at zone - intraday
- expecting small fall from the zone .
- good for intraday trade
ENTRY
- entry is strictly inside the zone
- look for confirmation in smaller time frame ( 15 mins preferred )
TARGET
- use fibonacci retracement on C to latest swing high
- mark 0.236 fib value as target
STOPLOSS
- if daily tf candle close is above the zone .
ignore
- if u didn't get confirmation inside zone , ignore this pick
- if daily timeframe candle close is above this zone , this pattern become invalid and ignore this pick
- good for intraday trade
ENTRY
- entry is strictly inside the zone
- look for confirmation in smaller time frame ( 15 mins preferred )
TARGET
- use fibonacci retracement on C to latest swing high
- mark 0.236 fib value as target
STOPLOSS
- if daily tf candle close is above the zone .
ignore
- if u didn't get confirmation inside zone , ignore this pick
- if daily timeframe candle close is above this zone , this pattern become invalid and ignore this pick
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.