What is happening with it? 1. We have been rejected by the horizontal resistance. 2. We have been rejected by the MA 20 (BB middle). 3. A long trigger if we make the resistance as a support or hit the buy the dip zone.
I am interested in this trade because of the following reasons: 1. Support above the 200D SMA 2. Support on the MA 20 (middle bb) 3. Bullish throwback to the EQ of the parallel channel. 4. Volume increasing for the breakout and decreasing during the bullish throwback.
This video is a tutorial for the ladders pro plus indicator. A trend and momentum based trading system.