ICIL (Indo Count) near major resistance, breakout?
Indo Count:
-One simple horizontal line setup (80 days consolidation after good move)
-Signal Candle (white dot candle when 5%+ move and Vol: 1m+) suggesting institution vol kickin in
-tightness after signal candle
-Good shakeout (when price go below major ema (here 100 ema) and rally up, kicking out weak players), check what it did last it udercuts)
But right now market is little tricky for swing traders as stocks are breaking out but no follow-through coming and lots of squats (wick above major resistance breakout, fake-out in same session) too. So one can wait for confirmation what market wants or if have anticipation then best time to build positions.
-One simple horizontal line setup (80 days consolidation after good move)
-Signal Candle (white dot candle when 5%+ move and Vol: 1m+) suggesting institution vol kickin in
-tightness after signal candle
-Good shakeout (when price go below major ema (here 100 ema) and rally up, kicking out weak players), check what it did last it udercuts)
But right now market is little tricky for swing traders as stocks are breaking out but no follow-through coming and lots of squats (wick above major resistance breakout, fake-out in same session) too. So one can wait for confirmation what market wants or if have anticipation then best time to build positions.
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