Bullish bias on atom , atom made a new year low while sitting on a demand zone on the weekly .
The buying zone and why it is considered... Bias (Bullish)
1. This zone represents Market makers activity zone , why ? Because this is an area where manipulation took place
2. The big green candle is an outside bar which represents the manipulation candle aka Stop hunting (highlighted on the chart).
3 . It gives a strong structure break after taking out stops below and this makes this zone valid to take a trade on return to the block .
4. It is advisable to target the high first without making assumptions or unrealistic price target .. .. above all lower time frame gives clearer view to catch opportunities .
5. To follow the trend with this method then every bullish OB with msb is always a safe zone to buy untill the trends changed .
6. Any contrary view or comment , kindly share .thank you .
Note- this is just a review not a prediction or financial advise ,do your home work and act according to your personal conviction and in your very best interest .
Risk management is important to stay profitable
The buying zone and why it is considered... Bias (Bullish)
1. This zone represents Market makers activity zone , why ? Because this is an area where manipulation took place
2. The big green candle is an outside bar which represents the manipulation candle aka Stop hunting (highlighted on the chart).
3 . It gives a strong structure break after taking out stops below and this makes this zone valid to take a trade on return to the block .
4. It is advisable to target the high first without making assumptions or unrealistic price target .. .. above all lower time frame gives clearer view to catch opportunities .
5. To follow the trend with this method then every bullish OB with msb is always a safe zone to buy untill the trends changed .
6. Any contrary view or comment , kindly share .thank you .
Note- this is just a review not a prediction or financial advise ,do your home work and act according to your personal conviction and in your very best interest .
Risk management is important to stay profitable