The criteria to fulfill 1. Clean and strong buy breach ✅ 2. Weak sellers pullback with buyers holding them back ✅ 3. A pullback to the buy breach line ✅ 4. Mini seller territory formed with illusion spot ✅ 5. Big boy buyer showed himself with a V-formation ✅ 6. Weak test (pullback) towards the previous resistant turned current support (Pending)
After all the criteria have been fulfilled, the buy can happen. It's safe to go ahead for a buy with Stop-Loss placed slightly below the V-formation, and Take-Profit placed slightly below the recent high with a 1.5RR.
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.