As we can see from the chart when volatility breaks the support trend line it tends to fall to 2.47 mark.
When it does in a bear market, first touch (blue vertical line) of 2.47 mark signaled the short trade and the second touch signaled the long trade.
In a bull market as we can see both touches signaled the long trade.
My strategy is to buy first signal with tight stop loss and second all in :)
Let me know your thoughts.
Cheers and happy trading
When it does in a bear market, first touch (blue vertical line) of 2.47 mark signaled the short trade and the second touch signaled the long trade.
In a bull market as we can see both touches signaled the long trade.
My strategy is to buy first signal with tight stop loss and second all in :)
Let me know your thoughts.
Cheers and happy trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.