Price tests the LMH and rejects it. Look for a long at the retest. We get set at 12.50.
TP1 is logical at 2.5R and just before the prior top in case we fail to follow through
TP2 is at the median line. As Dr Andrews says "Price makes it to the Median Line 80% of the time".
Ok 'we got lucky' on some news for such a quick set of T/P's. Price definitely moved quicker than expected. However it wasn't luck that put us in the position.
TP1 is logical at 2.5R and just before the prior top in case we fail to follow through
TP2 is at the median line. As Dr Andrews says "Price makes it to the Median Line 80% of the time".
Ok 'we got lucky' on some news for such a quick set of T/P's. Price definitely moved quicker than expected. However it wasn't luck that put us in the position.
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.
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.