Textbook mixed with a little thought process then check against 10 different indicators all pointing me in the same direction... either im right and equivalent to an indicator or im wrong and im equivalent to an indicator...
Quick short idea I saw on the charts today:
HTF Recap (from former post - linked below):
We are currently at an impasse on the weekly chart as we could not create a higher high after a strong bullish trend. We recently mitigated the HTF supply zone and held at former strong support however we are now struggling to break our former high.
I believe that if we...
Last week the support level did not break (yellow zone) and resulted a huge jump.
Early this week we saw the sellers were back in the market, however they didn't have enough momentum to push the price lower.
Based on today's chart reading, $14.63 is a good area to sell.
Stop Loss will be at $14.83 and Take Profit is at $14.20
This will give us RRR = 2.17R
Bullish...
