a return to solid solid structure affords =BUYers a cheap entry
1-3 : a swing low is followed by a one sided highly volitile swing high, this creates two set of events, first is that number 2 is now a solid low, due to surpassing the high of 1 they are proven to be stronger then them , second is the slow and controlled(ish) downtrend that follows volitile moves usually, and returns us back to number 2 low which gieves us a very good low risk opportunity
3-4 : a return to solid structure provides a high RR opporutnity with proven buyers behind us
* what do I think will happen ?
* if the current bar goes higher than the previous, making a higher high in the lower fractal structure, I would like to see the next leg up
* if we fail to do so and continue down, I could see us having a decently volitile run down to the support at the higher fractal structure
* as far as divergence goes : we have hidden divergence on all 3 of
RSI, MFI and accumulation/distribution indicators
* MFI and RSI are also oversold which is a good indication here as price action is not too volitile, so its a good signal
* using the chaos theory indicator we can see that over the past 2,500 bars, if price closes above a zone we have a 55% chance it will go to the next zone on that way, this is better than a coin flip but not by much, it does give us a chance to break even once we pass one of the zones , because if price comes back down we have a 67% chance of coming back to the genesis of the trade, which I don't particularily like.
3-4 : a return to solid structure provides a high RR opporutnity with proven buyers behind us
* what do I think will happen ?
* if the current bar goes higher than the previous, making a higher high in the lower fractal structure, I would like to see the next leg up
* if we fail to do so and continue down, I could see us having a decently volitile run down to the support at the higher fractal structure
* as far as divergence goes : we have hidden divergence on all 3 of
RSI, MFI and accumulation/distribution indicators
* MFI and RSI are also oversold which is a good indication here as price action is not too volitile, so its a good signal
* using the chaos theory indicator we can see that over the past 2,500 bars, if price closes above a zone we have a 55% chance it will go to the next zone on that way, this is better than a coin flip but not by much, it does give us a chance to break even once we pass one of the zones , because if price comes back down we have a 67% chance of coming back to the genesis of the trade, which I don't particularily like.
Trade chiuso: stop raggiunto
for trading mentorship and community, message me on telegram : jacesabr_real
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
for trading mentorship and community, message me on telegram : jacesabr_real
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.