Coloured Fibs = log, monochrome = linear.
Buying in spot with small amounts and adding more aggressively if MTF market structure changes. Will close manually if it loses .382 log.
Overall idea = correction looks too short in time compared to impulse.
Linear golden pocket looks too obvious, but monthly POC, 1.272 Fib, 3D OB and .382 Fib gives good confluence.
Will feel more confident if it starts building 1H-4H bull div.
My TP1 and TP2 will be aggressive.
Buying in spot with small amounts and adding more aggressively if MTF market structure changes. Will close manually if it loses .382 log.
Overall idea = correction looks too short in time compared to impulse.
Linear golden pocket looks too obvious, but monthly POC, 1.272 Fib, 3D OB and .382 Fib gives good confluence.
Will feel more confident if it starts building 1H-4H bull div.
My TP1 and TP2 will be aggressive.
Trade active
TP1 hit, stop to entryTrade active
Manually took TP2 at 0.4Note
TP3 hit as well, only 15% left for running.Note
Looking for this potential BAT to compound. My stop will be way below but that is the set up if you're not in a position. Note
6.5% move from my average entry, took a little profit and moved stop to entry.
Note
For the last buys, took 25% profit at 0.416, leaving the rest to run until 0.483Note
Closed another 25%, will buy back with laddered orders in this boxTrade closed manually
Forgot to update in this section, but like mentioned in the comments section, this trade is closed after all TPs hit and a bit of compounding.
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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.