As we move outside the third standard deviation we're now watching for the price to move back inside the second standard deviation and complete a 123 formation on a small time frame
I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation.
this can often give us a very good risk-to-reward ratio with a very small starting position.
I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation.
this can often give us a very good risk-to-reward ratio with a very small starting position.
the Nesting 1-2-3 tops are now suggesting a longer period of consolidation may be required rather than a quick reversal for higher prices.