Limitless Idea; S&P500 possible long.
-Using the 4HR time frame I found a busy Zone which price previously entered and there was action.
- My strategy consists on locating a OTZ ( optimal trading zone), using the 4HR help locate the overall direction.
-I like to see price enter this zone above, once this is confirm then i will wait until price retest it for a new support area.
-My confirmation for new support area consists of a double bottom pattern with a hammer candlestick following the confirmation.
-Then, I use First Wick which created the OTZ along with ATR to locate my Stop Loss.
Limitless Trading Firm.
- My strategy consists on locating a OTZ ( optimal trading zone), using the 4HR help locate the overall direction.
-I like to see price enter this zone above, once this is confirm then i will wait until price retest it for a new support area.
-My confirmation for new support area consists of a double bottom pattern with a hammer candlestick following the confirmation.
-Then, I use First Wick which created the OTZ along with ATR to locate my Stop Loss.
Limitless Trading Firm.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.