1: this is the point where the buyers originated from
3: we establish a support at the supply area of #1,
that we have some sell orders here
4: at this point number 1 turns into a solid major low,
it is a major low as it is part of the major structure,
and a key part of it, number 3 surpassing number 2 makes
it a solid minor low, as it is part of the minor structure ,
and the buyers surpassed the sellers from 2
what do I think will happen?
* if it happens like I think, it will look obvious, or I will
look like I have no idea what i'm talking about, but here we go..
* if prices comes back into the zone above we know via stats,
the last 2,500 bars, if price closes in a zone it has a 68% chance
of reaching the next zone up
* so we can set a stop order there and use the fact that we are
both at a re-test, the original test which occured at 3, and we are at
a solid major low, the stop loss below this would be the logical move
* the expected move up would be to surpass number 4
* if price closes into the zone below, the trade is invalidated as its most
likely path is the genesis of 1 , which is our stop loss.
* as far as divergences go, we have hidden bear divergence for more rsi and mfi
* we are also oversold on both
* we also benefit from the fact that the low 1 and 3 are bottoms on mfi and RSI , and if we use a support horizontal line, it pinpoints this being another low.
3: we establish a support at the supply area of #1,
that we have some sell orders here
4: at this point number 1 turns into a solid major low,
it is a major low as it is part of the major structure,
and a key part of it, number 3 surpassing number 2 makes
it a solid minor low, as it is part of the minor structure ,
and the buyers surpassed the sellers from 2
what do I think will happen?
* if it happens like I think, it will look obvious, or I will
look like I have no idea what i'm talking about, but here we go..
* if prices comes back into the zone above we know via stats,
the last 2,500 bars, if price closes in a zone it has a 68% chance
of reaching the next zone up
* so we can set a stop order there and use the fact that we are
both at a re-test, the original test which occured at 3, and we are at
a solid major low, the stop loss below this would be the logical move
* the expected move up would be to surpass number 4
* if price closes into the zone below, the trade is invalidated as its most
likely path is the genesis of 1 , which is our stop loss.
* as far as divergences go, we have hidden bear divergence for more rsi and mfi
* we are also oversold on both
* we also benefit from the fact that the low 1 and 3 are bottoms on mfi and RSI , and if we use a support horizontal line, it pinpoints this being another low.
for trading mentorship and community, message me on telegram : jacesabr_real
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for trading mentorship and community, message me on telegram : jacesabr_real
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。