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Hi,
On the left chart (daily), would that really be a reasonable sell setup. Because to me, the rally, looks like a pretty tight Bull Channel at the moment that the ioi is formed?
On the 4H chart however, I could see a Sell setup, maybe for TBTL down, after 3 pushes up.
Thanks,
Marvin
On the left chart (daily), would that really be a reasonable sell setup. Because to me, the rally, looks like a pretty tight Bull Channel at the moment that the ioi is formed?
It is a parabolic wedge and the last push is also a micro DT so it is a sell with target the second big bull bar bottom (it is a climax), tho the MKT plunged and the minor reversal became major.
Yes, but in one of his videos, Al also says not to be too quick to buy or sell reversals. The look of this rally made me think about that statement.
Do you agree that the rally is tight?
Thanks.
Marvin
@marvinbertonyahoo-co-uk Yes, it is really tight and that is why you should expect a minor reversal only tho, here, it finally was major. Yet, if you wanted higher prob, you could sell the low of the next bear bar closing on the low.
Okay.
Thanks for that clarification Ludopuig.
Marvin
