The one and only key level that determines a trade.
price is now above the 3 months low. I will assume resistance hv turned support.
1) Looks like accumulation pattern of sort for reversal
2) price already closed above w1 level.
looking for a definite signal. On h1 there is a 1234.
For long WTT, I will be looking for a hammer.
For short CTT, a strong bear flush of wr3b will be required.
A long will be swap +ve
Price have since done a Wr3B which I have missed out on due to doubts but now has retraced to a level for potential right shoulder WR3B WTT trade.
This is also a h1 channel forming up, with 200SMA approaching the top. confluences of resistance suggest that this HNS should be working out.
Pattern within Pattern
HnS within a d1 1234 retest
A trade criteria
Definitely an A trade, with 15 points atm and 2-3 more points if certain criteria can be fulfilled. I must look to hit hard for this trade, and positions will be batched in at different level. This type of risk to take is good risk.