So far, I have been writing about playing the D - The D is he final point in the price movement, something which we ANTICIPATE.
What do we anticipate?
We anticipate a REVERSAL. In simple terms, we trade 'opposing' the trend.
Why?
The explanation is simple - Buy when Low. Sell when High.
Once the complete structure is complete, then we have a clear picture of price action. Our understanding is correct. Price did as we anticipated.
Now, price had bounced upward from a long term D, chances are it will go up more. Price is now a two Bs, one BIG, and another small. Not a coincidence but it is price telling us something - a confirmation of future direction.
BUY. The R/R is fantastic.
Good luck.
What do we anticipate?
We anticipate a REVERSAL. In simple terms, we trade 'opposing' the trend.
Why?
The explanation is simple - Buy when Low. Sell when High.
Once the complete structure is complete, then we have a clear picture of price action. Our understanding is correct. Price did as we anticipated.
Now, price had bounced upward from a long term D, chances are it will go up more. Price is now a two Bs, one BIG, and another small. Not a coincidence but it is price telling us something - a confirmation of future direction.
BUY. The R/R is fantastic.
Good luck.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.