Blue arrow points to bearish candle that breaks channel (Green Lines) Orange arrow shows candle that retouches channel zone and falls to close bearish *Must close in favor of candle that broke channel (Bearish in this case). A sell stop would be placed under bearish confirming candle Pink Line & Pink Arrow show this entry.
There are other factors that go into play with this trade!!
Message with any questions.
There are other factors that go into play with this trade!!
Message with any questions.
Note
***RED ARROW *** NOT ORANGE**
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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.