from January to Sep ' 22, this stock was all over the okasce, trading very wide and loose
from Nov 22, stock corrected, on decreasing volumes, and from March '23, range of selling candles started decreasing, and range of green candles started expanding, indicating buying pressure coming back into the stock
In the final leg of contraction, stock merely corrected just around 4%, and tightened up significantly
For entry, half size can be taken on break of 1785, which is high of the inside weekly bar, and other half can be added above 1805, high of wick candle
sl can be set at 1750, low of bo candle, which is here i personally keep my sl, or also below 1700, which is the recent swing low on weekly tf
from Nov 22, stock corrected, on decreasing volumes, and from March '23, range of selling candles started decreasing, and range of green candles started expanding, indicating buying pressure coming back into the stock
In the final leg of contraction, stock merely corrected just around 4%, and tightened up significantly
For entry, half size can be taken on break of 1785, which is high of the inside weekly bar, and other half can be added above 1805, high of wick candle
sl can be set at 1750, low of bo candle, which is here i personally keep my sl, or also below 1700, which is the recent swing low on weekly tf
Trade closed manually:
while the structure remains valid and there is no violation, there is no point in taking additional risk when broader market is in a corrective phase