Potential spring - observing

14 авг. 2023 г.

If I see a good entry bar indicating that stops were taken and there is enough liquidity for a strong move up I might enter this as a Spring setup - a form of AB=CD.

What I don't like is the longer consolidation, but if you go to 1H it still confirms the bulling trend.

We are not here to predict the future, but to buy with a small stop in relation to the potential reward.

Some divergence from a lower timeframe like 15 min or at the 30 min will be nice for confirmation and confluence. I like to have at least 3 - horizontal support, some trend line, Stochastics in overbought, Some divergence, Fib level like 61% or 78%.

14 авг. 2023 г.

Сделка активна

1H printed a good entry pin bar. 30 min looks like tweezer tops, but I agree entry was not that obvious although the price closed above the previous low which can be used as an entry signal. I typically prefer strong entry bars.