Next Week Still Bearish Bias Until Ramped Volume Taken Out
The ramped volume accumulation above the monthly open is the target for liquidity. I am going to be looking for a pullback to form the high of week and a continuation of the down move.
Next week is a short week due to the holiday. Therefore, should be a slow drift down.
This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek reversal, the 20th formed the mid-month reversal back down to where it started. It may even go a bit beyond.
I will be using 150 tick stops and 375 tick targets next week for 2.5R
I probably will take 2-3 trades. I am currently up 8% so far. If I lose the next three then I will close out May up 5%. I am satisfied with that number. If I can win one and lose one, then I will be closing May up 9.5%
Next week is a short week due to the holiday. Therefore, should be a slow drift down.
This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek reversal, the 20th formed the mid-month reversal back down to where it started. It may even go a bit beyond.
I will be using 150 tick stops and 375 tick targets next week for 2.5R
I probably will take 2-3 trades. I am currently up 8% so far. If I lose the next three then I will close out May up 5%. I am satisfied with that number. If I can win one and lose one, then I will be closing May up 9.5%
Nota
Nota
Trade attivo
Short at 42,072 using a 2 hour doji at resistance
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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.