Well, for those of you who follow this Blog regularly will remember that when a target is far away, because of the prior swing being very long (usually due to a big gap opening), you should check the 24hr session as well.
Well, as you can see, the 24hr chart had a very different picture with the low coming in at the first target for a nice +3R Profit.
But were there any other reasons to suspect the decline from the TS3 sell on this 5min chart was nearing an end (hint: 15min Chart)
Thanks, Steve
Well, as you can see, the 24hr chart had a very different picture with the low coming in at the first target for a nice +3R Profit.
But were there any other reasons to suspect the decline from the TS3 sell on this 5min chart was nearing an end (hint: 15min Chart)
Thanks, Steve
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