MY RANGE PLAY GOING INTO THIS WEEK 18/3/24
These are some of my back tested range models that are relevant for this range.
R1 - Range deflection sweep of the range high
R2 - Range deflection sweep of the range low
R3- Internal range reaction from supply
For 1 and 2, I would like to see an SFP of the prior extremes, for 3 I would like to see the dip into the zones to produce an aggressive reaction that breaks fractal structure on the decisional leg. For all these levels, remember we have to see clear market structure change. No change, no trade.
For play 1 and 2 I would like to see a bearish and bullish bar wick respectfully. If we close above the prior extremes this is suggestive that we are not rotating in this range and instead we are breaking out.
R1 - Range deflection sweep of the range high
R2 - Range deflection sweep of the range low
R3- Internal range reaction from supply
For 1 and 2, I would like to see an SFP of the prior extremes, for 3 I would like to see the dip into the zones to produce an aggressive reaction that breaks fractal structure on the decisional leg. For all these levels, remember we have to see clear market structure change. No change, no trade.
For play 1 and 2 I would like to see a bearish and bullish bar wick respectfully. If we close above the prior extremes this is suggestive that we are not rotating in this range and instead we are breaking out.