The5%ers Day Trading levels
Day Trading levels provide few scenarios for today.
1. Possible short at QM level. be aware of the compression zone above. If price breaks this zone, it may continue upward.
2. Long. If the price action dynamic is impulsive, it may take this level to continue the up move. If scenario 2 hit before 1, Scenario 1 is canceled.
3. Lower QM has more probability with less risk involved, as zone 2 get easily consumed and fake out and bounce at zone 3.
Use price action confirmation for both levels 2+3.
1. Possible short at QM level. be aware of the compression zone above. If price breaks this zone, it may continue upward.
2. Long. If the price action dynamic is impulsive, it may take this level to continue the up move. If scenario 2 hit before 1, Scenario 1 is canceled.
3. Lower QM has more probability with less risk involved, as zone 2 get easily consumed and fake out and bounce at zone 3.
Use price action confirmation for both levels 2+3.
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.