1-4 : number 4 closes above number 2 ,
making number 1 the current boss on the chart,
this is because the genesis of the strongest entity
is at number 1.
5: we return to the strongest entity.... if we can
get a bullish micro-structure here, a small stop big
reward trade is possible.
what do I think will happen ?
* if the current bar closes above its left bar, we have
a micro confirmation
* RSI , MFI and Acc/dist is hidden bullish
* mfi and rsi are oversold
* it makes sense to give it a go, I think it might work out
* over the past 2,500 bars we have a 58% chance that if
price closes above a zone it will travel to the next zone,
this is a better than random chance, a stop loss above the
next zone is appropriate, because if price travels back then
there is a 65% chance it will come to the start
making number 1 the current boss on the chart,
this is because the genesis of the strongest entity
is at number 1.
5: we return to the strongest entity.... if we can
get a bullish micro-structure here, a small stop big
reward trade is possible.
what do I think will happen ?
* if the current bar closes above its left bar, we have
a micro confirmation
* RSI , MFI and Acc/dist is hidden bullish
* mfi and rsi are oversold
* it makes sense to give it a go, I think it might work out
* over the past 2,500 bars we have a 58% chance that if
price closes above a zone it will travel to the next zone,
this is a better than random chance, a stop loss above the
next zone is appropriate, because if price travels back then
there is a 65% chance it will come to the start
for trading mentorship and community, message me on telegram : jacesabr_real
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.
for trading mentorship and community, message me on telegram : jacesabr_real
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.