I wish we could stay in this range forever, I was able to get some good scalp practice in.
All good things must come to an end though.
My initial plans are still the same. IF WE DO get a clear rejection off of this next level, I'm going to take profits at TP 1 and pull my stop loss at my entry. If we are blessed by the bear gods, we can possibly ride this short to my long entry.
If you scroll above, you will see my second short entry level if this initial one fails...
If you scroll below, you can see my long entry set up.
Confirmations:
1) A divergence on the RSI Indicator or Market Cipher
2) A swing pattern failure that creates a quick candle wick
All good things must come to an end though.
My initial plans are still the same. IF WE DO get a clear rejection off of this next level, I'm going to take profits at TP 1 and pull my stop loss at my entry. If we are blessed by the bear gods, we can possibly ride this short to my long entry.
If you scroll above, you will see my second short entry level if this initial one fails...
If you scroll below, you can see my long entry set up.
Confirmations:
1) A divergence on the RSI Indicator or Market Cipher
2) A swing pattern failure that creates a quick candle wick