But that's not always true.
And so, for the 'TR' to have been broken to the upside, this was expected to fail. However,I think that we're seeing what looks like a breakout pullback. And that makes me want to think that the 'PB' North might continue.
We see 3 massive dominant UPSWINGS in the 'TR', and that's mostly clues for which side the 'BO' occurs.
In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in
NAKED TRADING ROOM- https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my , as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.
Im currently doing trading, full time for a living. And would like you to share in my private funds management. If you have capital of not less than $50 000USD.
You can send me a mail to firstname.lastname@example.org or 'PM' me for a discussion today!
Otherwise, turn to NAKED TRADING ROOM- https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K for crispy fresh calls on SPY_5mins. Each day, during NY session.
THANKS FOR "like"
Let the market prove me wrong.
It's important that I say again that I do not rely on my Take Profits. I rather trail stop to maximize my gains. Also, I have a stoploss in place according to NEO- PA ideas. If a trade goes wrong, I only lose my comfortable fixed dollar amount= Peace
of mind and I can quickly assess things and go in again
But that's OK.
It clears the head, and asks u to look again.
A single loss doesnt break me regarding the win rate of my system. plus, the winners are really huge, when managed well.
That said, my bullish bias ain't changed yet until further data goes for the bears. However, there's some work to be done by the bulls to keep the uptrend back to organisation. And so, Im staying flat on this until then. I will update every move!
See the writings on the below chart for what I expect ....