In itself looks good don't see the HTF zone now but would still be careful with the structures that there is no spring sweep. Classic wyckof structure
•
11
•
@TradingMelone Which time frame would you use for a short-term trade?
PS: around April 7 could be seen as a shake-out, right? But of course it was also initiated by Mr. T.
Otherwise I see the area as interesting - there was a lot of volume between Sept17 and Oct21
PS: around April 7 could be seen as a shake-out, right? But of course it was also initiated by Mr. T.
Otherwise I see the area as interesting - there was a lot of volume between Sept17 and Oct21
••
@TomTurboInvest In the Wyckoff you usually have at least one sweep below the selling climax, i.e. the point that stopped the sell-off and started the countermovement. So April 7 would not be enough for me here. I don't know what you mean by short-term? Rally to Vwap at 217? I would also like to see a sweep in the sideways trend. Of course you can take it without but it's not high quality enough for me - except with a warrant ? Out of the money and a term of 4 months or so, so possibly up to EOY ? Don't know difficult
•
11
•@TomTurboInvest SMHN also interesting but would like a little more structure - possibly Nen retrace again Deep into fib. 30 or so then a nice daily break up small retrace long entry 1:4 to 58
•
11
•@TradingMelone $STZ By short-term I mean up to a few weeks to reach the level around €170. I took a risk, but I only ever go in with shares - they are a bit more forgiving when it comes to fluctuations like yesterday, for example.
••