What's next? Pump or dump?
So currently, we have formed a distribution pattern, according to Wyckoff Method. At this particular moment, we have finished forming the SOW (Signs Of Weakness) Point, which cleared a lot of outside liquidity. Next step is to clear other side of the outside liquidity, create a newer high in the structure and a bullish trap at the same time. This would be the best moment to short, since we will follow the struction afterwards and go all the way down to next POIs, which would be the liquidity at ~18500.
So my plan for now.
Long Position (in position rn)
Entry: 22188
TP: 24250
Afterwards Short:
Entry: 24400 - 24600 - 24800
TP: 18500
Let's see what happens.
Not an advice at all, just a journal for myself, but would like to hear some feedback from you
So my plan for now.
Long Position (in position rn)
Entry: 22188
TP: 24250
Afterwards Short:
Entry: 24400 - 24600 - 24800
TP: 18500
Let's see what happens.
Not an advice at all, just a journal for myself, but would like to hear some feedback from you
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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.
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.