Buy: 695 1st lot - Early trade on Candlestick, confirmation on RSI & RS required for more conviction
AWAP: 683
SL: 640
Early Exit: RS < 50 EMA / RSI < 50
Value:
- Price above VWAP and Supply Zone
- RSI near 50 level
Trigger:
- Stoploss Hunting: Sharp recovery from breakdown forming PIN bar
- Enhanced Volume
- Deliveries: Consecutive increased in delivery for 3 days, last 3 weeks similar deliveries.
- RSI support & reversal yet to be confirmed
- RS break out to be confirmed by next week.
2nd lot confirmation
- RSI & RS confluence
- Follow-through
AWAP: 683
SL: 640
Early Exit: RS < 50 EMA / RSI < 50
Value:
- Price above VWAP and Supply Zone
- RSI near 50 level
Trigger:
- Stoploss Hunting: Sharp recovery from breakdown forming PIN bar
- Enhanced Volume
- Deliveries: Consecutive increased in delivery for 3 days, last 3 weeks similar deliveries.
- RSI support & reversal yet to be confirmed
- RS break out to be confirmed by next week.
2nd lot confirmation
- RSI & RS confluence
- Follow-through
Trade active
31June, 2021 - 2nd lot confirmation RSI breakout > 60
RS (1 Month) +VE
Enhanced volume
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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.