As most can see we are ranging off the buy alerted $7201.24 we are getting resistance from the weekly volume weighted average price $7385 as I publish this. This is a weekly area we need volume to break and stay above or the probability of shorting, as alerted is higher than going long here. If you are in that long from break out purple over gold buy +2 buy out $7201.24 there is no reason yet to exit it fully but I would suggest taking some profit as we break the top of the fib into $7425 to $7440 you want to maximize trade profit as a maker rather than being told you need to exit at a lower price.
Of course long time frame longer trade value volatility is to be expected, this is the 15min chart tradedg.
For those who purchased access to the ninja scalper you have access to my screen grab (contact for link) Since you can only have so much on your screen I have added a bit more to mine so you can run reference
weekly vwap orange dots Purple line of bullish momentum now has price line helps set the bullish flip Golden Dump line helps set the short when it flips Gold over Purple down trend Purple over Gold uptrend I have colour mapped the fib areas to assist this does over power the ichimoku cloud hence the reason for the price line additions
Next addition is trying to identify bull flag, pennants, wedges and cup and handles set ups on lower time frames while the chart is on higher times.
These add ons are geared more towards the stockmarket and options trading which is the actual original intention of the the trade trend indicator suite of tools.
This lets you long off the bottom to help increase trading success. As this is based off the past areas of strong support resistance this helps with DCA and accumulation but most importantly this is will help traders identify quicker trade-able opportunities.
For access and support visit the website in the signature.
The trade alert is based as always on the Trade Trend Indicator suite based on 24 years of stock trading experience
The TTI Suite identifies high probability of profit trade entry ideas and account saving exits
#TradeSafe #Tradesocially #TheDarkArmy
None of this is investment advice just for your infotainment and edutainment