Nas100
Uppdaterad
Today was a decent trade. This morning around 8:30am I notice an ascending triangle was forming meaning it will leave that triangle as bullish.
My confluences for the buy was:
1. Failing to swing lower
2. Imbalance to fill
3. BSL
4. Overall uptrend.
Although I missed the bullish move due to personal reasons, I was able to catch that sell. From my understanding when price leaves the triangle on a heavy bullish trend it will eventually do a retracement. And it goes vise versa. So being as though I missed most of the bullish push, I then waiting for that downtrend. And with that I was able to catch the entire downtrend ending it at 14548.46. This week was a wonderful trading week for me as I was able to pass my phase 1 funded challenge and already half way through my phase 2 challenge!
My confluences for the buy was:
1. Failing to swing lower
2. Imbalance to fill
3. BSL
4. Overall uptrend.
Although I missed the bullish move due to personal reasons, I was able to catch that sell. From my understanding when price leaves the triangle on a heavy bullish trend it will eventually do a retracement. And it goes vise versa. So being as though I missed most of the bullish push, I then waiting for that downtrend. And with that I was able to catch the entire downtrend ending it at 14548.46. This week was a wonderful trading week for me as I was able to pass my phase 1 funded challenge and already half way through my phase 2 challenge!
Kommentera
I also noticed a double bottom within the ascending triangle, as a major confirmation for the heavy uptrend as well.
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