Swing trading inducement (Are you patient enough?)
The monthly timeframe just induced a key supply/resistance zone
The recent 1Month swing low is now the target
The daily shows a clear impulse to the downside the. I want to see the high get taken out before I consider opening a sell order.
If this point is taken out, not only early support and resistance/supply and demand traders are taken out but new buyers are interested
Sell entry will based upon what looks like a reaction/sign on the intraday timeframes for buyers to enter.
The recent 1Month swing low is now the target
The daily shows a clear impulse to the downside the. I want to see the high get taken out before I consider opening a sell order.
If this point is taken out, not only early support and resistance/supply and demand traders are taken out but new buyers are interested
Sell entry will based upon what looks like a reaction/sign on the intraday timeframes for buyers to enter.
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