stock_adelie

stock_adelie

1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange...

stock_adelie

If the price breaks the uptrend channel, the price action will generally follow the downtrend and keep going down. And let’s use the 1:1 ratio strategy to find more details. 1. The price dropped from 0 to 1 and 2 in a perfect 1:1 ratio. 2. Level 2 could not stop the bears, and the price keeps dropping. By the strategy's rules, if level 2 cannot hold, the price...