My Note for Monday me at 01-March-21
published for public view
Hi Welcome
1st plan :
i call this one a risky plan because at entry mid of S/R line i drawn
Simple condition needs to meet:
- Bullish or consolidate towards 20 EMA line first
- when near 20 EMA line, a Red Candle Body appear
- open & close below 20 ema line
- it's ok if wick crossed
- maybe a high swing pattern in lower time frame
- RSI moving down from 50 (it doesn't if it reach 50 or not)
Beware:
- watch out for RSI (last week Friday was 31.5)
2nd Plan:
Simple condition needs to meet:
- Just a red candle bar crossed then S/R line
- RSI not oversell
But may need to observe lower timeframe condition
Invalidate of 2nd plan (Entry point) :
- Wave-C cannot goes beyond Wave-A last lowest point
(if this happens, it will go Bullish towards Wave-B (Maybe Wave-C a possible reversal))
Maybe tell me what do You think about this by leaving comment below.
Hoping that I may know what I lack of in this analysis.
Lastly Thank you so much for Your time reading & coming here.
Warning :
- Any trade made by trader goes by this idea are not responsible of the author
- This is just made for educational content
- This is just one of author personal note that are publish to public
-> "Trade Ur Own Risk" <-
published for public view
Hi Welcome
1st plan :
i call this one a risky plan because at entry mid of S/R line i drawn
Simple condition needs to meet:
- Bullish or consolidate towards 20 EMA line first
- when near 20 EMA line, a Red Candle Body appear
- open & close below 20 ema line
- it's ok if wick crossed
- maybe a high swing pattern in lower time frame
- RSI moving down from 50 (it doesn't if it reach 50 or not)
Beware:
- watch out for RSI (last week Friday was 31.5)
2nd Plan:
Simple condition needs to meet:
- Just a red candle bar crossed then S/R line
- RSI not oversell
But may need to observe lower timeframe condition
Invalidate of 2nd plan (Entry point) :
- Wave-C cannot goes beyond Wave-A last lowest point
(if this happens, it will go Bullish towards Wave-B (Maybe Wave-C a possible reversal))
Maybe tell me what do You think about this by leaving comment below.
Hoping that I may know what I lack of in this analysis.
Lastly Thank you so much for Your time reading & coming here.
Warning :
- Any trade made by trader goes by this idea are not responsible of the author
- This is just made for educational content
- This is just one of author personal note that are publish to public
-> "Trade Ur Own Risk" <-
Trade closed: target reached:
Well TP 1 is enough