In the daily time frame, we are at the bottom of the curve.
So, according to the higher time confirmation, we can think about long scenarios.
We are looking for structure formation in this time frame. These SR lines can be the top and bottom of our hypothetical trading range.
I think we will probably see a WYCKOFF structure in this area.
You know better than anyone that this SR lines can be extended.
So, according to the higher time confirmation, we can think about long scenarios.
We are looking for structure formation in this time frame. These SR lines can be the top and bottom of our hypothetical trading range.
I think we will probably see a WYCKOFF structure in this area.
You know better than anyone that this SR lines can be extended.
Note
As said before. The previous high and low were successfully extended.Now we have a new high and low that can be our big trading range.
Trade closed: stop reached
The structure I expected was not formed.
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Related publications
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.