Simple, price at 52 week EMA, if we close under the mode this week, this will start a 16 week downtrend.
We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target.
Good luck!
Ivan.
We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target.
Good luck!
Ivan.
Note
Mental reminder: always fade moves against quarterly modes.
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Related publications
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.
🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Related publications
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.