ONE LINE: A focused trendline view

29 Mar

Sometimes it's all you need. When I choose ONE spot I am looking at, I am honing in not just on tops and bottoms, but I have found that the spots with the most frequent historical PIVOTS and highest traffic areas are the areas that the price action gets hung up on, pauses, or pivots most often. And this bearish drop seems to be taking dead aim at that $550(ish) spot.

2 Nis

İşlem aktif

If you hit play you can see how cleanly it worked out on the 30min timeframe as it came down and bounced off of that $550 spot. The directionally biased trade based on ONE trend line worked out very well.