I spotted this divergence between price and indicators few weeks ago but i did not tried to catch the falling knive as I was not sure of the support and I putted a stop buy above the break down on 13 august.
I was very concerned about short VET after the failed break out of 22 august and a double W formation on BTC pair
Actually the indicators are still on...
We wicked off the channel and have proceeded to rise. Now we need to back test the support for a run to the up side. we will find resistance at the 50% fib line that we havent been able to break 2 previous times. If we break this i would expect higher prices. I'm Not a financial adviser, make your own decisions....Thoughts?
As of now i believe a head and shoulders pattern is forming on an upward sloping channel. Should be a a make or break in the next 24 hrs......Thoughts?
Please let me know what you think. You may make a bit of money playing the down turn bounces at intermediate levels of support. Just my opinion. Not financial advice.
30 Min Back tests: You could have Potentially earned around 27% profits if you focused on just VET using Heikin Ashi Strategy on the 30 Min time frame only for 2 days.
Thank you. Please share your thoughts, like, & star. To learn how to become a trend trading Heikin Ashi Style Warrior, see information below notes...
* Above Ichi and EMA
* Highlight signal candle
* Entry on ATR above it (long entry)
* Stop on prev candle's close, still inside the signal candle's body
Thoughts on how you'd set this up? Thanks
On the up trend. Not sure for how long. Could be short uptrend. Nevertheless, the signals show it is on the uptrend. Good opportunity to make 10% gain. please let me know what you think. Thanks.
