*THIS IS ADDITION TO OUR MAIN IDEA*
-Have a look on it in Related Ideas!-
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-Technical Analysis-
We stuck in Range Market since April 1st.
- Lower Zone was formed by GAP which we had at 20th April 2017 !
-Upper Zone was formed by Local Supply/Demand Zone formed since 12th November 2019
As far as we know in most cases price will not break this Range Market from a first try! Usually it will FALSE-BREAK-OUT it in order to gather more liquidity and ability to add more positions.
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-Custom Indicators-
EgoMist ATR
- Price went above Monthly Upper Zone which means by statistic it will retrace with a chance of 80%!
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-Conclusion-
We Still believe in Bearish Bias in the Market. That's why we keep add more SHORT positions with better price. That's how we build our Positional Trading. As soon as price will go in good profit, we will hedge position with intra-day trades.
-Have a look on it in Related Ideas!-
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Technical Analysis-
We stuck in Range Market since April 1st.
- Lower Zone was formed by GAP which we had at 20th April 2017 !
-Upper Zone was formed by Local Supply/Demand Zone formed since 12th November 2019
As far as we know in most cases price will not break this Range Market from a first try! Usually it will FALSE-BREAK-OUT it in order to gather more liquidity and ability to add more positions.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Custom Indicators-
EgoMist ATR
- Price went above Monthly Upper Zone which means by statistic it will retrace with a chance of 80%!
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Conclusion-
We Still believe in Bearish Bias in the Market. That's why we keep add more SHORT positions with better price. That's how we build our Positional Trading. As soon as price will go in good profit, we will hedge position with intra-day trades.
