Penta is hovering around 4.5 Support area.
Daily chart still BULLISH and UPTREND. = Good
No Fast Turtle Sell = Good
FiFT still +ve = Good
Higher Timeframe still healthy.
However, ATOM sell and FiFT turned -ve on H1 chart (Sign of weaknesses)
PENTA still healthy as long as price staying above 4.5
Setup opportunity.
1) Option 1 Monitor hourly Chart.
Set alert notification on FiFT with condition SlowAvg crossing above 0 (FiFT turned +ve)
Set alert notification on ATOM Crossing 1.000 (ATOM Buy)
Once getting greenlight from FiFT and ATOM, wait for FAST TURTLE BUY breakout. SL below 4.40 (Short term Trade)
2) Option 2. Fast Turtle Buy based on Daily chart with condition FiFT is higher than previous bar. SL below 4.40 (Short Term trade)
Daily chart still BULLISH and UPTREND. = Good
No Fast Turtle Sell = Good
FiFT still +ve = Good
Higher Timeframe still healthy.
However, ATOM sell and FiFT turned -ve on H1 chart (Sign of weaknesses)
PENTA still healthy as long as price staying above 4.5
Setup opportunity.
1) Option 1 Monitor hourly Chart.
Set alert notification on FiFT with condition SlowAvg crossing above 0 (FiFT turned +ve)
Set alert notification on ATOM Crossing 1.000 (ATOM Buy)
Once getting greenlight from FiFT and ATOM, wait for FAST TURTLE BUY breakout. SL below 4.40 (Short term Trade)
2) Option 2. Fast Turtle Buy based on Daily chart with condition FiFT is higher than previous bar. SL below 4.40 (Short Term trade)
Note
Gap up.. Missed an opportunity. 4.70 seems to be good low timeframe support.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Related publications
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.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
Related publications
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.