rovertrader

rovertrader

Shorting this baby because: 1. Hammer candlestick on daily 2. Triangle forming with two red candles already 3. Price touching upper Bollinger Band 4. TD Sequential is at count #9. One of the next two candles will be a TD count #1 This is like a ripe avocado about to fall and get smashed into a nice little side of guac. I say "little" because the reward on the...

rovertrader Updated 

There was a steep drop 3 days ago, and the stage is being set for a return to the mean because: 1. The asset has spent three days outside of the Bollinger Band. It's been out in the cold for too long and needs some warmth right now 2. TD Sequential candles 7 and 8 are dojis. The next candle will either be a doji TD #9 or a bullish TD #1 i.e. probably won't hurt...