There has not been a pattern to confirm the bottom yet and it would be unwise to enter a trade right now but we the indicators are telling me that the bottom has been reached. The honey Cypher VWAP is at a very low point, the previous time it reached this level we got a massive move to the upside. At this point we had a double bottom formation which further increased the likelyhood of a strong trend.
My strategy here is to wait for a reversal pattern to surface and enter a trade with a very small stop loss, -2% with a TP1 5% TP2 10% and a trailing at 3% with -3%. You could also enter a trade the moment a reversal brick get's printed but that is less reliable than the patterns.
Link to the bounded slope oscillator.
https://www.tradingview.com/script/gTYXu41z-The-Bounded-Slope-Indicator/
My strategy here is to wait for a reversal pattern to surface and enter a trade with a very small stop loss, -2% with a TP1 5% TP2 10% and a trailing at 3% with -3%. You could also enter a trade the moment a reversal brick get's printed but that is less reliable than the patterns.
Link to the bounded slope oscillator.
https://www.tradingview.com/script/gTYXu41z-The-Bounded-Slope-Indicator/
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
✅ Work with me:
Form -> forms.gle/caAJxCNTP4CqjFy4A
Form -> forms.gle/caAJxCNTP4CqjFy4A
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
✅ Work with me:
Form -> forms.gle/caAJxCNTP4CqjFy4A
Form -> forms.gle/caAJxCNTP4CqjFy4A
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.
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
✅ Work with me:
Form -> forms.gle/caAJxCNTP4CqjFy4A
Form -> forms.gle/caAJxCNTP4CqjFy4A
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
✅ Work with me:
Form -> forms.gle/caAJxCNTP4CqjFy4A
Form -> forms.gle/caAJxCNTP4CqjFy4A
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.