GU 30 M TF
Squeeze on the 30 m chart. Market truely only has two phases. Contraction and expansion. Contraction is my favorite pattern. The trick is which way will price go from inside contraction. The next higher TF (3:1 raiot) may hold the answer on a probability basis. The 90M chart is extended with momentum down. A KD hook down might be the trigger for a short potential.
Nota
had some succes with this short. wasnt a nice trend to follow. took our small profits.Basically is flat (according to the 50SMA which we use to define trend) has no direction now and is off our watch list until it commits either way
Aviso legal
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