Look at how low the volume is there. Nothing to hold up the price.
Yesterdays analysis assumed thee market would wake up and start the buying, but it didnt. This is why its good to wait for price to enter your designated target area first versus just entering the trade.
Thats the entire point of what you see me do here. These are tentative targets only. Its IF and WHEN price reaches these targets you start the next phase of analysis.
I guess you can think of trading n separate phases:
Phase 1- waiting for price to enter pre determined target area.
Phase 2- waiting for the accumulation or distribution cycle to complete for a positive and confident ENTRY
Phase 3- Watch trade to ensure it behaves properly and start taking profit and moving stop losses.
I will refine this concept. But if you come up with something that works for you, even better!
Good luck
Yesterdays analysis assumed thee market would wake up and start the buying, but it didnt. This is why its good to wait for price to enter your designated target area first versus just entering the trade.
Thats the entire point of what you see me do here. These are tentative targets only. Its IF and WHEN price reaches these targets you start the next phase of analysis.
I guess you can think of trading n separate phases:
Phase 1- waiting for price to enter pre determined target area.
Phase 2- waiting for the accumulation or distribution cycle to complete for a positive and confident ENTRY
Phase 3- Watch trade to ensure it behaves properly and start taking profit and moving stop losses.
I will refine this concept. But if you come up with something that works for you, even better!
Good luck