Iteksignal issue a new Buy signal.
Long term trend remain BLUE and mid term just changed to resume upward path.
Wait for validated the Entry after price on any following bar be above the high of the Signal Bar
Will BTC continue into ascending channel via 14000?
Let see how it moves into the weekend.
ITekQuan indicator helps you identify the beginning of the short and medium term trend — quick and accurately. Allowing you to trade according to the current and a higher time frame entry.
Once ITekQuan indicator has spotted the beginning of the trend, it clearly displays a Buy or Sell signals on your charts… showing you exactly where a high probability entry...
New Iteksignal with multiple point of entry with more Continuation Pattern and filters.
Iteksignal is based on pure price action.
Trend Confirmation Line help you to stay on the trend side (Green/Red line).
Short term Trend Line is mainly use for Trailing Stop (White line).
Same Setup rules as Classic Iteksignal...
How to Pick the Bottom in Any Market with Iteksignal
A simple technique to buy the turn higher from the low with Iteksignal, is to wait for a failed double bottom. If you take a look at the image, prices fell to lower low with an extreme bottom (1). A subsequent candles bounce to a higher price (2) stalled and approached the bottom but did not break below that...
Iteksignal indicator alerted to go Long today.
In this case, be careful that there is a resistance level nearby that must be broken so that the signal is valid.
So, the entry point is above 15500 not above the signal bar as usual.
The signal is void if price goes down below the low of the signal bar.
Consider this rule...
Nice profit in EURUSD today.
Entry long: 2 pips above the signal bar
SL: below the low of signal bar or last swing low
TP: Half position at 1X and move SL to BE. Ride other half or take profit as you want
ITekSignal Early Trend