TMF in Buy Zone

11 Nis

My trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels

So...

Here's why I'm picking this symbol to do the thing.

Price in buying zone at bottom of channels
[Red Line 100 period / Yellow Zone 52 period / Green Zone 26 period]

Stochastic Momentum Index (SMI) at oversold level

Money flow momentum is spiked negative and under at bottom of Bollinger Band

Entry at $36.66
Target is upper channel around $44

15 Nis

İşlem elle kapatılmış

Closing with 7% profit as price is moving sideways. Price at 2HR upper channel. Closing at $39.25