I think that the Stock Market is ranging in this 12H Channel
If the price makes a new low, I think this will be just a deviation, and when it comes back to the channel, it can be an easy long idea, with a simple stop loss under the lows
It would be much better, when we would have an 1H OB BREAKER, what when the price could be climb, it would be a safer entry
If the price makes a new low, I think this will be just a deviation, and when it comes back to the channel, it can be an easy long idea, with a simple stop loss under the lows
It would be much better, when we would have an 1H OB BREAKER, what when the price could be climb, it would be a safer entry
Note
Exactly as i wanted to see. we had a deviation from the range low, and after that we could easy took the bottom of the range as a new support, and that given our entry point
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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.