A very clear structure and unless you are trading, there is no action here until we get the clear triggers
These would be:
- clear breakout + backtest (buy backtest)
- capitulation to the target box
The target box is lower than the CME gap but is based on having a wick and that all previous bottom breakouts have eventually been re-tested.
These would be:
- clear breakout + backtest (buy backtest)
- capitulation to the target box
The target box is lower than the CME gap but is based on having a wick and that all previous bottom breakouts have eventually been re-tested.