See the bottom two charts for the red bear zone I have for today. While it's entirely possible (due to TFs above 30 minutes) for the market travel up past this bear zone, it's a great risk/reward opportunity to take a shot short this morning.
Look for an interaction with the red zone, and momentum shift based on your rules for entry.
Happy trading!
-StoicTrader
Look for an interaction with the red zone, and momentum shift based on your rules for entry.
Happy trading!
-StoicTrader
Order cancelled
So no momo shift at our zone. With a hold above, we know the short is off and we can save our bullets for a better opportunity.That's trading
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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.