China 25 | "local good value" + divergences
Overextended %B (sub 2 std dev) indicates local "value".
Divergences on all three of FT, Mom and MACD.
Doji on high volume.
Combine to point to a reversal.
TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37
SL: maintain 1:1 risk reward?
Exit if not moving into profit with 3/4 bars.
Divergences on all three of FT, Mom and MACD.
Doji on high volume.
Combine to point to a reversal.
TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37
SL: maintain 1:1 risk reward?
Exit if not moving into profit with 3/4 bars.
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