Hello peeps,
here we have a longer term trade setup.
This trade analysis is divided in HT (higher timeframe - weekly) and DT (detail timeframe - 4h)
HT:
- bullish trend
- key W sup/res level
- touching 50 EMA
- wykoff: end of trend phase, which usually inherits a sell off and a continued contraction phase
- not a dead market with RVI > 30 (another indicator that we haven't entered a contraction phase)
DT:
- wykoff: identified last contraction phase (blue box), currently in expansion phase
- price hitting key HT supp. level
- smaller red candles and increased price action, indicating momentum loss
All the best,
c4ss10p314
here we have a longer term trade setup.
This trade analysis is divided in HT (higher timeframe - weekly) and DT (detail timeframe - 4h)
HT:
- bullish trend
- key W sup/res level
- touching 50 EMA
- wykoff: end of trend phase, which usually inherits a sell off and a continued contraction phase
- not a dead market with RVI > 30 (another indicator that we haven't entered a contraction phase)
DT:
- wykoff: identified last contraction phase (blue box), currently in expansion phase
- price hitting key HT supp. level
- smaller red candles and increased price action, indicating momentum loss
All the best,
c4ss10p314
Trade active
readjusted sl to break even
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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.