Waiting for monthly candle to close above 103 region, important is how the candle is forming and closing.
Lots of weekly candles are rejecting 103 region, so even if weekly candle closes above 103 region then still I will be very cautious, if this happens then stop loss will be trailed.
Most important thing in this and all the other cases is how candle is forming and closing, and more important breaking down monthly candle on weekly time frame and trying to understand what information we have and how to use it.

Always enter slow, exit fast.

'' Play the market only when all factors are in your favor. No person can play the market all the time and win. There are times when you should be completely out of the market, for emotional as well as economic reasons '' ~Jesse Livermore

Related Ideas


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.