18th of March till 3rd of October remained bullish with a "railroad" formation at the high labeled.
Lower highs following the trendline gives us nice confirmations which ends up playing out nicely.
Rectangle boxes are were I see price halting/reversing or re-entry areas.
The short indicator is NOT a signal but an assumption of price movement.
Lower highs following the trendline gives us nice confirmations which ends up playing out nicely.
Rectangle boxes are were I see price halting/reversing or re-entry areas.
The short indicator is NOT a signal but an assumption of price movement.
Note
1HR : Are we going to see the same outcome as before or a push to the upside attempting a higher high?
Note
1 HR: It made a push to create a new higher high and seems to be rejecting the area for the short movement as a follow through. If you entered at the newly created high - awesome - if not then just stay patient and react to the markets movement.
Trade active
1 HR: Short Indicator: In-Profits
Lower Indicator: Gave us the " GREEN light " for profit level reached, so one may close the trade, or have the stop loss below entry for a safe trade.
Note
1 HR: If you remained patient - here is your re-entry area.
Order cancelled
1 HR : Price barely exceeded above the short indicator, if one has a stop loss at the level assume it's been hit, else if not this is a re-entry for some. I hope some gained value from this trade idea!
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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.