If AVAX drops below the previous pDLOW, then we will look for a long position in the purple zone. When it rises to around 0.5 fib, we start considering a short position. Because if it has gone below pDLOW, it means it is weak, and the trend is starting to change. If it doesn't drop below pDLOW, it is still BULLISH, and we don't consider going SHORT.
Note
according to planNote
I am long scalp :) You can see how it is going :)Note
nice scalp. I'am out :)Note
avax for short :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.