Lets take a look at the paper I picked up for trading on Tuesday.
From March 24th, it finished its fall and was led upwards.
On April 09, it was the first time it encountered a level formed by an upper retracement in a downtrend.
On April 14, the instrument tested the level again, but failed to take it: made a false breakout of only 4...
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 31.10 - 31.27 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study,...
Trading idea of following the trend of a trend of a trend.
Cyan line traces the continuous daily high's and lows.
Blue line traces the continuous higher highs - higher lows or
lower highs - lower lows of the cyan line
Purple line traces the continuous higher highs - higher lows or
lower highs - lower lows of the blue line.
The combination gives Target, and...