Finally! Long opportunity for mid-term up trend.
This scenario will be incorrect if there will be a false break of main balance.
For now, we are waiting for a small correction wave to open buy position.
Trade recommendation:
Entry point: 9010 (conservative), 9510 (aggressive)
Stop: 7740
Target1: 11 190
Target2: 12 990
Glossary of terms
This scenario will be incorrect if there will be a false break of main balance.
For now, we are waiting for a small correction wave to open buy position.
Trade recommendation:
Entry point: 9010 (conservative), 9510 (aggressive)
Stop: 7740
Target1: 11 190
Target2: 12 990
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
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