Ive come to the conclusion that if a trader is not trading with the weekly as major trend he/she is trading again st the trend
strong weekly stocs rsi point to 2067
weekly bull flag from 1600s
note that the bottom of the current weekly candle is 1845 and that cannot be broken unless a major shift in structure
and so a wait on the Monday weekly candle will determine a higher weekly bottom
1958 will come surely
bull flag will only last to the top of the weekly stocs rsi then a major correction on dail;y and 4hr
will break 1960 this time
next weekly candle next week could reach 1975
just be patient and alway trade long in trend even after minor correction like 1885 today 15/03/2023
Note
let's study weekly candles bottoms from 7th Nov 2022 - 1st one was 1656, 2nd 1689 3rd 1726 4th 1737 5th 1755 6th 1773 7th 1783 8th 1792 9th 1802 10th 1824 11th 1859 12th 1889 if you had put your stop loss at the bottom of the weekly heiken ashi you never got taken out since 1656.
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.
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.