My trading plan is very simple.
I buy or sell when either of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow volume spikes beyond it's Bollinger Bands
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels
Money flow momentum is spiked negative and under bottom of Bollinger Band
Entry at $17.68
Target is upper lower channel around $19
I buy or sell when either of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow volume spikes beyond it's Bollinger Bands
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels
Money flow momentum is spiked negative and under bottom of Bollinger Band
Entry at $17.68
Target is upper lower channel around $19
Trade active
Target is UPPER (not lower) channel around $19Trade closed: target reached
Price at upper channel. Closing position with small loss. Entry at $17.68. Closed at $17.50
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.