We are watching for a possible reversal setup to form because momentum is very high and might help price action make a correction. Using the VMS reversal strategy we will wait for a shooting star with an engulfing candle down confirmation, volume will need to be strong and momentum needs to be hooking down....all of this before we consider it as a trade. It looks promising. We will keep watching.
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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.