Homing Piegon Pattern
Idea just to identify the pattern.
We can see a short term bounce from here, but need to avoid fresh longs.
Good to exit stuck positions or booking profits in short term trades.
We can see a short term bounce from here, but need to avoid fresh longs.
Good to exit stuck positions or booking profits in short term trades.
Note
My expectation was: A bounce and then correction will continue. But today's candle looks more strong. Will wait for a new Swing high for more upmove.
Note
Moved as per expectation 🙏🏾 correction continued.Just was a bit confused due to gtlich day move.
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I've many times seen whenever, any stock, commodity etc. Gives aggressive move out of no where in the later stages of a rally i.e most bullish bar in the end stages of a upmove and most bearish bar or move in the end stages of of a downward move Always reverses the previous trend.Remember the 23 March move?
Check it in % terms. One of the biggest day loss in % terms in later stages of rally.
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If you got out of stuck positions and short term positions as per this trade Idea you've saved lot of money🙏🏾
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