Hello everyone, if you like the idea, do not forget to support with a like and follow.
STMX is sitting around a strong demand zone in green so we will be looking for buy setups.
on H4: STMX formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
Meanwhile, until the buy is activated, STMX would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
STMX is sitting around a strong demand zone in green so we will be looking for buy setups.
on H4: STMX formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
Meanwhile, until the buy is activated, STMX would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich