H4 : As mentioned many times, the Mid Bollinger Band (MBB) worked perfectly well, as "THE" leading indicator.
Important to also note that the uptrend support line (on a closing basis) also helped to confirm the ongoing uptrend in place.
In order to "play" the countertrend in a strategic BULL market, you ABSOLUTELY need to monitor very carefully intraday time frames
H1, M15 and even some times M5, which will avoid frustration in missing very short term countertrend exit trades.
Look also very carefully at the candlesticks patterns development and not only one but at least 2 or 3 for confirmation of price action !
And last but not least my favorite : Ichimoku :-)
Have a great and nice weekend.
Take care
All the best.
And "May your long goes up and your short goes down" :-)
Important to also note that the uptrend support line (on a closing basis) also helped to confirm the ongoing uptrend in place.
In order to "play" the countertrend in a strategic BULL market, you ABSOLUTELY need to monitor very carefully intraday time frames
H1, M15 and even some times M5, which will avoid frustration in missing very short term countertrend exit trades.
Look also very carefully at the candlesticks patterns development and not only one but at least 2 or 3 for confirmation of price action !
And last but not least my favorite : Ichimoku :-)
Have a great and nice weekend.
Take care
All the best.
And "May your long goes up and your short goes down" :-)
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