This is a consolidation zone setup that I am monitoring for entry here shortly.
I am looking for a tap on our entry line for a chance to sell back down to the middle of the consolidation zone.
Ideally we would see a good rejection candle but we have such a tight stop I may just enter regardless as the loss would be so small.
If we fail to get a good rejection or a wick at our entry level, this setup may become invalidated.
I am looking for a tap on our entry line for a chance to sell back down to the middle of the consolidation zone.
Ideally we would see a good rejection candle but we have such a tight stop I may just enter regardless as the loss would be so small.
If we fail to get a good rejection or a wick at our entry level, this setup may become invalidated.
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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.