PEGA - JULY 24 MATrend Unsustainable Momentum
Updated
- D1 is top of the range
- H1 setup showed a previous downtrend followed by a spike up today
- Slight price rejection in H1 with the opening candle
- Huge price rejection in H1 with the 22:30 candle
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
- H1 setup showed a previous downtrend followed by a spike up today
- Slight price rejection in H1 with the opening candle
- Huge price rejection in H1 with the 22:30 candle
MATrend Unsustainable Momentum (Systematic) ⏪
The strategy identifies stocks (Tech sector ) that follows the larger market regime's momentum of the day and because they are unable to maintain it price breaks down quickly
Tight stops aligned to the price behaviour we are trying to capture. Which is a rapid break of the momentum.
Trade closed: stop reached
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.