We are in the Fat Candle Support zone
Using the new volume candles from TradingView which are absolutely amazing. We can state some simple facts.
We are currently in a zone where previously, fat candles have formed at this zone.
I am expecting another fat candle, hopefully to the upside out of this zone.
HOWEVER! I will play to the downside as well. This is a tightening range, and a breakout is coming, but it could very well be to the downside. Use stops! we've seen several breakouts fail recently as well, so move those stops up and lock in profit if you can when we get a move.
We are currently in a zone where previously, fat candles have formed at this zone.
I am expecting another fat candle, hopefully to the upside out of this zone.
HOWEVER! I will play to the downside as well. This is a tightening range, and a breakout is coming, but it could very well be to the downside. Use stops! we've seen several breakouts fail recently as well, so move those stops up and lock in profit if you can when we get a move.