holding on longs
Updated
buy the dip?
seeing if grey area is a valid order block, green line should hold... had some good consolidations past few weeks.
targetting at least 3.12 area. break of that would also break bearish market structure on weekly and possibly indicate "bottom" is in
also have seasonal cycle support
seeing if grey area is a valid order block, green line should hold... had some good consolidations past few weeks.
targetting at least 3.12 area. break of that would also break bearish market structure on weekly and possibly indicate "bottom" is in
also have seasonal cycle support
Note
nested divergences in 4 hr. this downmove has no strength...? we shall see.
Note
potential wave count. sold 1/3 of position, expecting wave 2 of 3 to add. prolly form a bull flag on lower TF
Trade active
tripled my NG long position, exits listed on chart. is it coincidence that exit targets (based off fibs) coincide with stop loss locations for people shorting?
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