1. Bat pattern forming - Potential reversal zone formed by 0.886 of XA, 1.27 of AB, and 1.618 of BC.
2. At the supply zone with that long wick candle
3. Price above 2 SD of weekly VWAP - MEAN REVERSION
4. At the upper parallel line of the pitchfork
SHORT after it reaches the supply zone/PRZ and upper border of the pitchfork.
With 4 confluences, I hope the trade works.
Please feel free to add your opinion regarding this setup. LET'S LEARN TO EARN.
Regards,
Kurilo
2. At the supply zone with that long wick candle
3. Price above 2 SD of weekly VWAP - MEAN REVERSION
4. At the upper parallel line of the pitchfork
SHORT after it reaches the supply zone/PRZ and upper border of the pitchfork.
With 4 confluences, I hope the trade works.
Please feel free to add your opinion regarding this setup. LET'S LEARN TO EARN.
Regards,
Kurilo