Jan 10th, 12:00PM PST
We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
I trade trending momentum moves exclusively as learned from IntuFX.com.
Flag color legend:
Cyan: trending, watching
Red: watching closely, looking for potential patterns
Orange: pattern found & developing
Green: pattern engage
Flag color legend:
Cyan: trending, watching
Red: watching closely, looking for potential patterns
Orange: pattern found & developing
Green: pattern engage
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
I trade trending momentum moves exclusively as learned from IntuFX.com.
Flag color legend:
Cyan: trending, watching
Red: watching closely, looking for potential patterns
Orange: pattern found & developing
Green: pattern engage
Flag color legend:
Cyan: trending, watching
Red: watching closely, looking for potential patterns
Orange: pattern found & developing
Green: pattern engage
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.