Mean Reversion Support at 250. Long 4 to 1
Price is mean reverting around 500, this much is plain obvious. I will look for a support entry near 250 area.
125 tick stop
500 tick target
4 to 1 Risk Reward
The orange box is the middle of the range. I.E. the slaughterhouse.
Swing highs and lows formed near the middle get taken
I am expecting the break of the highs and for price to hit 46,000
125 tick stop
500 tick target
4 to 1 Risk Reward
The orange box is the middle of the range. I.E. the slaughterhouse.
Swing highs and lows formed near the middle get taken
I am expecting the break of the highs and for price to hit 46,000
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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.