trying short at blue upper median line parallel (UMLH ) after
test w great separation (close away from line).
green LSB swing in play.
R-R is 7 to 1 if I get filled.
If i am right, new lows may be easy.
if not, maybe we top around 127.50 .
I usually wait for the larger swing ( orange) to make a ply. In this case the recent close off the blue line enticed me to make a move.
test w great separation (close away from line).
green LSB swing in play.
R-R is 7 to 1 if I get filled.
If i am right, new lows may be easy.
if not, maybe we top around 127.50 .
I usually wait for the larger swing ( orange) to make a ply. In this case the recent close off the blue line enticed me to make a move.
Trade active
short is filled nowTrade closed: stop reached
stopped out. maybe wait for a sign of weakness at the minor swing, like a prior bar low gets taken out and sell a pull back.
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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.