A List of the Requirements Needed to Take a Trade:
1.) Structure - we have a somewhat rare formation of a leading flag. It is clearly a pattern with pressure building.
2.) Target - We have clear-untouched targets to the upside with a large leading green wick to the left to get the move started and help lubricate the upward move.
3.) Trigger Candle - Engulfing green candles were present on lower timeframes in the past week, signaling a maturity of the pattern.
--------------------------Zentrades & Chartmechanic 2 - Cycle Market Theory --------------------------
STEP 1 PRESSURE BUILDS
STEP 2 PRESSURE RELEASES
We may be entering a "Pressure Release" Phase soon.
1.) Structure - we have a somewhat rare formation of a leading flag. It is clearly a pattern with pressure building.
2.) Target - We have clear-untouched targets to the upside with a large leading green wick to the left to get the move started and help lubricate the upward move.
3.) Trigger Candle - Engulfing green candles were present on lower timeframes in the past week, signaling a maturity of the pattern.
--------------------------Zentrades & Chartmechanic 2 - Cycle Market Theory --------------------------
STEP 1 PRESSURE BUILDS
STEP 2 PRESSURE RELEASES
We may be entering a "Pressure Release" Phase soon.
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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.