MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
(4HR chart)
Price at bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) near oversold level
VBSM is spiked negative
Price at near 3.618 Fibonacci level
In at $158.8
Target is $163 or channel top
Stop loss is $157
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
(4HR chart)
Price at bottom channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) near oversold level
VBSM is spiked negative
Price at near 3.618 Fibonacci level
In at $158.8
Target is $163 or channel top
Stop loss is $157
Trade closed: stop reached
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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.
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.