I just added a little more to my long position that I started at around 4300.
This recent doji + trend bar combo looks like it could be a turning point. TD Sequential ended a 12 bar count and volume does show a pretty decent amount of buyer coming back in.
I am looking to add much more heavily in the wick area over the next week or so. This is 3900 to 3650. My stop is the same at 3428.
I think a target where it tags the old 6300 is very realistic because if it picks up steam upward the shorts will panic and send it higher through the low volume area on the volume profile created by the dump out.
Once up there I will be looking to short. I will use TD sequential for that again but this time also wait for range compression with a doji after a 9 count being my entry signal.
This recent doji + trend bar combo looks like it could be a turning point. TD Sequential ended a 12 bar count and volume does show a pretty decent amount of buyer coming back in.
I am looking to add much more heavily in the wick area over the next week or so. This is 3900 to 3650. My stop is the same at 3428.
I think a target where it tags the old 6300 is very realistic because if it picks up steam upward the shorts will panic and send it higher through the low volume area on the volume profile created by the dump out.
Once up there I will be looking to short. I will use TD sequential for that again but this time also wait for range compression with a doji after a 9 count being my entry signal.
