IGNITING BAR:
Bearish Continuation or AT/Near Start of Bearish Reversal
What does this strategy entail?
The instrument is in a short-term consolidation range or upward trend, from which a large red candle develops. This suggests that traders should: (2) TAKE NOTE of a potential change of trend and (2) TAKE NOTE of the start of potentially aggressive selling.
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) i.e. follow-through.
IGNITING BAR:
Bullish Continuation or AT/Near Start of Bullish Reversal
What does this strategy entail?
The instrument is in a short-term consolidation range or downward trend, from which a large green candle develops. This suggests that traders should: (2) TAKE NOTE of a potential change of trend and (2) TAKE NOTE of the start of potentially aggressive buying.
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) i.e. follow-through.
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