Hunting for TDS 9 on the ONT daily chart.
ONT has completed 3 TDS 9 count to the upside on the daily chart since listing to Binanance. These 9 have always occurred in the vicinity of local highs on the price. ONT has yet to complete a 9 count to the downside or establish a support for the up trend.
This idea is predicated on a 9 buy on the daily chart occurring at or near the very bottom of a significant down move to a support level. The trade would be entered for 50% when a daily 9 candle is ranging to the downside with a further allocation once the price is trading over the reversal candle from the 9 and the final allocation on the technical long entry when the green 2 trades over a green 1 to signify the start of the next leg up.
By entering in this way you can allocate the amount of capital you have in mind with very little of at risk, assuming the daily 9 candle marks a low in the price.
This is not a short call- the bull flag being painted on the daily may well complete for another leg-up therefore there are now arrows on this cahrt to suggest the date or price at which this will occur. Eventually a solid test of support will happen and a full TDS daily 9 count to the downside will complete, activating this trade.
To follow this idea set an alert on the TDS indicator for the 9 count and re-evaluate once it is triggered.
This idea is predicated on a 9 buy on the daily chart occurring at or near the very bottom of a significant down move to a support level. The trade would be entered for 50% when a daily 9 candle is ranging to the downside with a further allocation once the price is trading over the reversal candle from the 9 and the final allocation on the technical long entry when the green 2 trades over a green 1 to signify the start of the next leg up.
By entering in this way you can allocate the amount of capital you have in mind with very little of at risk, assuming the daily 9 candle marks a low in the price.
This is not a short call- the bull flag being painted on the daily may well complete for another leg-up therefore there are now arrows on this cahrt to suggest the date or price at which this will occur. Eventually a solid test of support will happen and a full TDS daily 9 count to the downside will complete, activating this trade.
To follow this idea set an alert on the TDS indicator for the 9 count and re-evaluate once it is triggered.