Mistakes made in shooting star signal
Just a quick post here
The rules state to always add your R1 R2 resistance levels.
THE 34500 was support but it was cancelled when the market broke above it and pulled down on arrow 1 that is R1 resistance
Also a variation of a shooting star none the less the robustness of the signal shows more potential.
THE one where the sell signal was provided did not confirm this level so my bad guys. 😅
But we all know the risk and know it's not trading advice. 😉
So with that said the signal was valid as you guys can see but the entry and stop was mis calculated
Needless to sat always wait for confirmation.
So the signal was not a shooting star even tho it looked like one.
JUST SOME INFO FOR FUTURE USE IF YOU HIT THE SAME ISSUE WITH BEING STOPPED OUT
The rules state to always add your R1 R2 resistance levels.
THE 34500 was support but it was cancelled when the market broke above it and pulled down on arrow 1 that is R1 resistance
Also a variation of a shooting star none the less the robustness of the signal shows more potential.
THE one where the sell signal was provided did not confirm this level so my bad guys. 😅
But we all know the risk and know it's not trading advice. 😉
So with that said the signal was valid as you guys can see but the entry and stop was mis calculated
Needless to sat always wait for confirmation.
So the signal was not a shooting star even tho it looked like one.
JUST SOME INFO FOR FUTURE USE IF YOU HIT THE SAME ISSUE WITH BEING STOPPED OUT
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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.
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.