Uptrend Body Engulfing Two Downtrends
It is hard to find good entry point to place a long trade on MRVL stock 5 min chart, BE pattern shows, but I think that strong uptrend momentum bar can lower risk, the idea is to place a long trade just after strong momentum bar, hopefully it is a small downtrend bar., on chart just after open market Oct 16 5 min chart, bar count No. 7 is a strong uptrend momentum bar, bar 8 is best entry to place a long trade, try to time best lower price, and take profit at bar 14 top of bar with three green bar uptrend profit, 232.88 to 237, 7 of 5 min bar with 5 dollar price gain.
Most retail trader loses because it is hard to find entry point, VWAP, EMA 5 and 9 can be a good 5 minute scalp strategy, but candle pattern also can be helpful.
Most retail trader loses because it is hard to find entry point, VWAP, EMA 5 and 9 can be a good 5 minute scalp strategy, but candle pattern also can be helpful.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.