Hi Everyone! If the price action continues to rise at its current pace, our odds of hitting my higher 1.618 FIB Extension between $20,900 and $21,260 increases dramatically. As a reminder; we may see a "shakeout" on the way up to that target range. I recommend keeping an eye on the White UPPER B-Band in the 3-Day time frame for an APPROXIMATE price target for the potential "shakeout" between the current price and my target range of 20.9K and 21.26K. I'm labeling this a LONG position based on what I'm seeing in HIGHER time frames. If you are considering opening a long position, I recommend you have a look at lower time frames for better entry. However, you may consider simply waiting for the White Energy in the 3-Day and 4-Day time frames to hit level 50 and see where the price may potentially fall to at that point before opening a long position. I personally believe the price would pullback to approximately the White UPPER B-Band in the 3-Day before resuming the upward pressure we see in the Weekly, 9-Day and 2-Week time frames.
Happy Trading and Stay Awesome!
David
Comentarios
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UPDATE:
Simply posting the earlier CHART publication in the description of this publication.
You're the GOAT David!
Out of all the resources I've found while learning to trade, your channel has by far been the most informative and helpful. I've updated my strategy and cut down my indicators to use your Phoenix indicator, Bollinger Bands, and a Volume Profile and my number of winning trades has substantially increased. The more I understand the Phoenix indicator and make minor adjustments, I'm beginning to feel comfortable enough to pick targets without using Volume Profile.
Thank you so much for all of the great, in depth content. You're doing a huge service to the community and I'm so grateful you're spreading your knowledge to help others not just make a profit, but become more informed traders.
I'm SUPER HAPPY to hear you've improved your analytics and trading strategy with less clutter on your charts while doing so. It's ALWAYS great to hear another's success after persistently viewing my content.
Thank you kindly for the positive feedback, Mate!
Happy Trading and Stay Awesome!
David
metza24
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Damnnn! I am so happy you nailed this one and shut up all the haters once and for all! Well done my man:)
REFRESH your browser before doing anything. Then follow instructions in the following video. Ignore the step to move the indicator to a new pane below the chart. That "bug" has been fixed.
Out of all the resources I've found while learning to trade, your channel has by far been the most informative and helpful. I've updated my strategy and cut down my indicators to use your Phoenix indicator, Bollinger Bands, and a Volume Profile and my number of winning trades has substantially increased. The more I understand the Phoenix indicator and make minor adjustments, I'm beginning to feel comfortable enough to pick targets without using Volume Profile.
Thank you so much for all of the great, in depth content. You're doing a huge service to the community and I'm so grateful you're spreading your knowledge to help others not just make a profit, but become more informed traders.