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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