Hello Fellow Trader!
Key Points:
- Price penetration flag pattern on ultra volume
- Return the price to test the candle that broke the pattern
- Passed the test after the candle appeared buying climax on high volume
If: The price has risen with a high volume - this indicates that the structure is not in our favor and it would be wise to reduce exposure or close the position until a strong signal gives us reasons to re-enter.
Otherwise: the price is likely to be lower and the sale can be boosted with each rise
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital
Key Points:
- Price penetration flag pattern on ultra volume
- Return the price to test the candle that broke the pattern
- Passed the test after the candle appeared buying climax on high volume
If: The price has risen with a high volume - this indicates that the structure is not in our favor and it would be wise to reduce exposure or close the position until a strong signal gives us reasons to re-enter.
Otherwise: the price is likely to be lower and the sale can be boosted with each rise
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital