As we move outside the third standard deviation we're now watching for the price to move back inside the second standard deviation and complete a 123 formation on a small time frame
I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation.
this can often give us a very good risk-to-reward ratio with a very small starting position.
I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation.
this can often give us a very good risk-to-reward ratio with a very small starting position.
註釋
I was too early on the signal as price did not complete the 1-2-3 required to confirm the reversal. Price continued to new lows which invalidates this signal.the Nesting 1-2-3 tops are now suggesting a longer period of consolidation may be required rather than a quick reversal for higher prices.
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