So I got the retrace I was waiting for.
Since this fits all my setup requirements, I'm going long.
I trust that the big boys whose bids got dumped through on the way down will push the price back up so they can close their positions near breakeven.
Invalidation below swing low.
Since this fits all my setup requirements, I'm going long.
I trust that the big boys whose bids got dumped through on the way down will push the price back up so they can close their positions near breakeven.
Invalidation below swing low.
Trade active:
Longs opened, average entry 7842. Didn't get my 'standard' entry because these setups are frequently frontrun - we didn't even get to tap the range low. That's why I set breakout orders to guarantee I get a position. Still left some bids just in case.
Time for some upside!
Time for some upside!
Expecting continued convexity: increasing upward velocity.