My trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels
[Red Line 100 period / Yellow Zone 52 period / Green Zone 26 period]
Stochastic Momentum Index (SMI) at oversold level
Money flow momentum is spiked negative and under at bottom of Bollinger Band
Entry at $898
Target is upper channel around $1000
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels
[Red Line 100 period / Yellow Zone 52 period / Green Zone 26 period]
Stochastic Momentum Index (SMI) at oversold level
Money flow momentum is spiked negative and under at bottom of Bollinger Band
Entry at $898
Target is upper channel around $1000
Trade closed manually
Price going sideways. Closing position with $8/share gain. 
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.
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.