Looking for a push above monthly open and acceptance. "Range low" has to hold for this trade to work out. Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2 Worry about target 2 if we hold the first Blue box. Yellow highlighter indicates liquidity and stops that have now been wiped out. Recent news...
TIE looks good on the weekly charts as buyers soak up the minor pullback above the EMAs. Expecting to see the pullback hold as a higher low and drag in more buyers in coming sessions. Watch the video for a more detailed breakdown of the price action. Remember to take a look at www.tradethestructure.com
It's at the Buy Zone! Is either you can go for an aggressive long right after the 12pm(+8GMT) candle close above the previous candle high or waiting for a double bottom which may or may not form to engage this long position. Either way is alright and is based on your trading strategy and personality as a trader yourself. It's Friday!! Yeah! Wishing all traders...
Double Bottom has formed, waiting for the market to hit 110.82 range for buying opportunity.