LONG - AIRBNB (ABNB) - 1DDECISION PROCESS
Trend is degressive (logarithmic selling strength to target price level)
Strong selling exhaust (price is moving strongly with volumes)
Buying pressure (First buying signal appear on support levels) + Volume pressure but I prefer to wait two signals on two different candle (otherwise it could be already an entry).
Contradictory strength (Second buying signal (and confirmation of first one) appear with a buying volume candle)
TIPS
- If market is lateralizing and didn't took direction until the 61.8% extension of the last mouvement (red vertical dash), exit or target breakeven of the position need to be think of.
- On r/r=1 breakeven of the position need to be think of.
- Always stay aware of economic news and movement of the engulfing market (Here ES1!).
PS : Pay attention to reversal signals on yellow line, it could occured an anticipate exit.
