There was interesting observation shared by Gorilla trader about how price keeps moving in same ranges and repeats same ranges on move up.
Here rectangle at bottom and top are same size.
Hypothesis is that, if price has given move from one swing high to swing low, it will give same amount of move above that swing high.
Lets see if that works and observer.
Risk reward is also pretty good here. So why not?
Time? Not sure. This is for long term. It can be anytime but it will reach there fore sure.
Here rectangle at bottom and top are same size.
Hypothesis is that, if price has given move from one swing high to swing low, it will give same amount of move above that swing high.
Lets see if that works and observer.
Risk reward is also pretty good here. So why not?
Time? Not sure. This is for long term. It can be anytime but it will reach there fore sure.
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