DE being the range confirmed by FGHI and below are the expected scenarios when either of the boundaries are broken.
Scenario 1 : Acceptance at boundaries - Orange arrows
Break and Acceptance at boundary 'D' will give a Short setup
Break and Acceptance at boundary 'E' will give a Long setup
Scenario 2 : Unacceptance at boundaries - Green arrows
Break and Unacceptance at boundary 'D' will give a Long setup
Break and Unacceptance at boundary 'E' will give a Short setup
Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of boundaries 'D' and 'E'.
Scenario 1 : Acceptance at boundaries - Orange arrows
Break and Acceptance at boundary 'D' will give a Short setup
Break and Acceptance at boundary 'E' will give a Long setup
Scenario 2 : Unacceptance at boundaries - Green arrows
Break and Unacceptance at boundary 'D' will give a Long setup
Break and Unacceptance at boundary 'E' will give a Short setup
Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of boundaries 'D' and 'E'.
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.