NQ1! - Recommend Waiting for Expansion in 16-min. & 30-min. WHY?

We see POTENTIAL for expansion in the 16-minute approaching. Especially, since we have expansion in the 8-minute for the immediate term. For the Short Term, we need to see expansion of the B-Bands in the 30-min. 1-hour, 3-hour, 4-hour, 6-hour and 8-hour. Make sure you are on the correct side of this expansion when it begins. We do so by paying attention to the Red RSI -AND- Blue LSMA crossing above or below Level 50 inside the Phoenix Ascending 2.121 indicator.

تعليق:

UPDATE:

It's POSSIBLE any expansion we see in the 30-minute could end up going downward if the Red RSI and Blue LSMA begin falling below Level 50 in the 5-min. 6-min. 8-min. and 16-min. Which is WHY I said you may want to wait on expansion in the 30-min. before potentially opening a position. However, you're NOT done yet. If it turned out our price action was going up with expansion in the 30-minute, you would want to monitor the 1-hour to look for similar expansion to continue in order to consider holding your position. Then you would want expansion in the 3-hour, 4-hour, 5-hour, 6-hour and 8-hour. It's simple really... in regard to holding your position open longer "if" we have substantial expansion of our B-Bands in time frames higher than the 30-minute time frame.

Happy Trading and Stay Awesome!

Here's a look at our IMMEDIATE GROUP of time frames...

تعليق:

UPDATE:

We need expansion in the 30-minute to have a chance for expansion in the 1-hour. It's possible we have little to no expansion in the 30-minute and the 1-hour B-Bands end up going sideways at current levels for a time before we see a chance of expansion in the immediate and/or short terms.

Here is the Short Term Group:

تعليق:

UPDATE:

Setting Up Alarm to Alert for Expansion of B-Bands, Etc...
www.tradingview.com/...sion-of-B-Bands-Etc/