Analysis for swing traders
Swing is clearly trending higher with higher highs higher lows from not just price action but bollinger bands as well. Therefore current movement = retracement.
For trigger look for VV in line chart at shadow or clear wash n rinse of shadow i.e. V shape below and then sharply back above shadow. If in doubt insert a 3ema display2 on day chart as filter.
Analysis for day traders
Follow the consecutive black candles to short.
Swing is clearly trending higher with higher highs higher lows from not just price action but bollinger bands as well. Therefore current movement = retracement.
For trigger look for VV in line chart at shadow or clear wash n rinse of shadow i.e. V shape below and then sharply back above shadow. If in doubt insert a 3ema display2 on day chart as filter.
Analysis for day traders
Follow the consecutive black candles to short.
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