EXTENDED VS 8/21-EMA RANGE
In progress or preparing to buy into ultra short-term oversold conditions
What does this strategy entail?
The instrument is in a downward trend over several days, becoming extended versus its moving averages. As the entry for this setup approaches, the candle's structure may reflect excessive selling with large red candles and expanding daily ranges. In the following session, the price may "gap down" and reclaim the prior day's lows to close to positive territory, reflecting short-term buying interest and potential for a 2-4 day rebound. The strategy is ideal for ultra short-term/active traders looking to capitalize on retracements in a bullish short-term trend. The technical trend rating will also read high bearish momentum/approaching oversold.
The tickers highlighted assume no existing position held by the trader while the setup is confirmed on the preferred candle structure developing during the upcoming session(s).
STRATEGY ALERT:
PREVIOUS BREAKOUT LEVEL
In progress or preparing to buy into a re-test of the previous breakout level
What does this strategy entail?
The instrument is in a short-term downward trend over several days, having previously broken out of a range. The price may react to company-specific news flow or be sold in overall market weakness. The price then re-tests the previous breakout level, with the price finding support at or around the prior breakout range. The strategy is ideal for ultra short-term/active traders looking to capitalize on retracements in a bullish short-term trend. The technical trend rating could also read high bearish momentum/approaching oversold.
The tickers highlighted assume no existing position held by the trader while the setup is confirmed on the preferred candle structure developing during the upcoming session(s).
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