Hi Guys, I hope you will enjoy this one as much as I did making it. I have tried to include all the details/steps in which I incorporate into a high probability short-term trade.
This repeating pattern is re-occurring during dumps. When the weekly opens, with a dump and throughout the week bears are exhausted as time passes and we break the downwards resistance and rally towards the weekly close.
A Bullish Divergence confirms the sharp rally is imminent once we break the resistance.
I have purposely tried to leave the explaining and understanding in the chart itself. If you have found it useful and understandable, please give a like for me to recognise! Comments also appreciated.
Yours Sincerely,
Anon.
This repeating pattern is re-occurring during dumps. When the weekly opens, with a dump and throughout the week bears are exhausted as time passes and we break the downwards resistance and rally towards the weekly close.
A Bullish Divergence confirms the sharp rally is imminent once we break the resistance.
I have purposely tried to leave the explaining and understanding in the chart itself. If you have found it useful and understandable, please give a like for me to recognise! Comments also appreciated.
Yours Sincerely,
Anon.
Comment:
And this is why we utilise a stop lose. Further to breaking the momentum curve, we saw much lower lows! Good job SL.
