QM is about to create a triple top on the 1h, with a bearish diver on the 4h, correct me if I'm wrong; would you short this if it rejects off of the zone area? Thanks a ton
You would be shorting against a strong overall uptrend. Could work out but why go against the direction of the market? Looking at those two charts I would be looking for a way to get long....but that is what makes a market
Hi Fan, Makes sense Do you think it's a good idea waiting for the the next candle on the 1h to print and see if it breaks out or rejects the zone area?
CL is a runaway train at the moment...at least wait for a short signal. Oil does not play well with S and R.
Thanks Big AAPL, Do you prefer to use indicators like TTM, VWAP rather than S/R or something else? Please let me know if you have suggestions on how to find good setups on CL