samurai110
This is HPSF (High Probability Squeeze Funnel) where you get 3 Highs and 3 Lows and the market tightens in a channel after a major uptrend/downtrend. you already have a H1,H2 and L1,L2. It is likely that you will get an H3 and then an L3 at which point you buy and you can expect a huge run upward. These types of setups give you Risk/Rewards of at least 7/1 and sometimes even 11/1! This is not criticism, you did very good analysis I am simply pointing out a pattern very few people know and you can make a huge return trading it.
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AndreasS
samurai110
Well thank you kindly! I didn't know about that! :)
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AndreasS
AndreasS
Would you recommend entering now or waiting for the L3? (Sorry I am very new to all of this, I try to take in as much as I can)
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