In that case, even if it change to uptrend, the range is included once.
If the current situation is that part, Currently I think that we can look at Long: Short = 50: 50.
Most recently, I aim at trading using MPP (R1).
<< tactics >> When MPP (R1) 7613.0 functions as a resistance line, short entry is done. The first limit is 7500 The second limit will be decided by WePP next week. The third limit is 7000
I would be grateful if you like it idea,give me follow or agrees!
------------------------- <Legend> -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me
Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close
x mark: Line which may not function ------------------------- <Legend> --------------------------