Rebound from previous major accumulation zone + RSI divergence
SL at the support level that would invalidate the POC bounce
TP at where the initial sell aggression started
SL at the support level that would invalidate the POC bounce
TP at where the initial sell aggression started
Trade closed: stop reached
In retrospect, this was too small of a timeframe to use my strategy. This setup is just not as effective on lower timeframes.
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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.