Close to use Darvas's boxes trategy
Updated
Technically:
H4 big desc. candle, closed below the support line.
No correction above 5%
H1 shows us accumulation in a narrow range
Bearish pattern
There are empty zone below.
Green dash line is an next support.
Nicholas Darvas wrote his book after he understood that when the price follows the trend there should be possibillities to increae your position at local stops. It like a train, going fwd, and at the stations you can join the trip. Next station we expect at the 838 (supp.from the Hune 15, confirmed Jun, 30) We have to be very careful about increasing our sells and should see the confirmations from the chart. like low corrections, small bars approaching the level, close retests of the level. In this case it will be allowed to double your position with correction of SL.
H4 big desc. candle, closed below the support line.
No correction above 5%
H1 shows us accumulation in a narrow range
Bearish pattern
There are empty zone below.
Green dash line is an next support.
Nicholas Darvas wrote his book after he understood that when the price follows the trend there should be possibillities to increae your position at local stops. It like a train, going fwd, and at the stations you can join the trip. Next station we expect at the 838 (supp.from the Hune 15, confirmed Jun, 30) We have to be very careful about increasing our sells and should see the confirmations from the chart. like low corrections, small bars approaching the level, close retests of the level. In this case it will be allowed to double your position with correction of SL.
Trade closed: stop reached
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