Hi All,
This has a big potential, if it breaks the sloping resistance and then the horizontal level.
Hence keep an eye out...let me know too... I miss a fair bit.
The Macd has a bullish posture on the small time frame and many of the alts are doing well.
On the Daily, the indictors are also agreeing a bullish feel.
How to trade this, it has to be a break out trade.
We have 2 levels with multiple touches.
I would suggest that the 4th touch will be the likely one and so when it break above it, place 2 orders so your order gets filled (1 on the neckline) and place your stop loss straight after bottom of the candle on the 4 hrly most likely or this green one if the other is a short candle.
Sell 5% of your holdings straight away after it moves 2% or so.
This will be your insurance if it pulls back, you lose nothing from being stopped out.
Note its like a bottom 1/2 diamond which is a reversal pattern.
All the best.
S.SAri
This has a big potential, if it breaks the sloping resistance and then the horizontal level.
Hence keep an eye out...let me know too... I miss a fair bit.
The Macd has a bullish posture on the small time frame and many of the alts are doing well.
On the Daily, the indictors are also agreeing a bullish feel.
How to trade this, it has to be a break out trade.
We have 2 levels with multiple touches.
I would suggest that the 4th touch will be the likely one and so when it break above it, place 2 orders so your order gets filled (1 on the neckline) and place your stop loss straight after bottom of the candle on the 4 hrly most likely or this green one if the other is a short candle.
Sell 5% of your holdings straight away after it moves 2% or so.
This will be your insurance if it pulls back, you lose nothing from being stopped out.
Note its like a bottom 1/2 diamond which is a reversal pattern.
All the best.
S.SAri
Comment:
Now the question is, is it an inverse HS target?
Have the min. and max and anywhere in between.
Comment:
Comment:
chart update
ref (w.chart)
ref (w.chart)
Comment:
I'm still in the trade.
If you want to learn the technique, come to tradetoprospa.net
If you want to learn the technique, come to tradetoprospa.net
Comment:
my trade is still active
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.