FOLLOW THE TREND AS IT CHANGES Long-term chart (W) Trading chart (D) First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ from the longer term (W) chart. price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss
Second trade (shown here) Since price broke below DZ, the new trend is Down. as price retested into the DZ. I looked to short the stock. a higher high candle gave a good CVR for the short as the price broke through it. on the next red candle the SHRT IS OPEN