I've taken some time to chart the Russell 200, and I have to say the box is looking quite excellent.
Nice and clean levels, makes a fella wanna put a bid in.
I am not used to trading this name(literally traded it the first time on Monday), but it seems like a good time so far.
I'll be on the look out for LBAFs and LAAFs, no directional bias just trading what is seen atm.
If a look below and fail occurs and is sustained at the upper box, then it is objectively a long (especially if we trade lower first w/a failure to go lower), otherwise if we trade through the level w/ continuation or trade higher first and fail, then a LAAF would take us within the middle box's range.
Trading higher first and failing is more bearish than trading lower first.
Trading lower first and failing to go lower is more bullish than trading higher first.
I like to keep these concepts in mind as I wait for the opening and initial balance ranges to form intraday, and from there, I can form an opinion and initiate a trade.
Nice and clean levels, makes a fella wanna put a bid in.
I am not used to trading this name(literally traded it the first time on Monday), but it seems like a good time so far.
I'll be on the look out for LBAFs and LAAFs, no directional bias just trading what is seen atm.
If a look below and fail occurs and is sustained at the upper box, then it is objectively a long (especially if we trade lower first w/a failure to go lower), otherwise if we trade through the level w/ continuation or trade higher first and fail, then a LAAF would take us within the middle box's range.
Trading higher first and failing is more bearish than trading lower first.
Trading lower first and failing to go lower is more bullish than trading higher first.
I like to keep these concepts in mind as I wait for the opening and initial balance ranges to form intraday, and from there, I can form an opinion and initiate a trade.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。