ABNB short

Zaktualizowano
Downtrend noted on daily.
Entry order placed on 50% retrace of full weekly candle, the 50% is an attempt to maximise the risk/reward ratio. If it doesn't get filled, no bother.
Stop at high of weekly candle.
Target at support suggested by weekly line chart.

Commentary by my son.
Zlecenie aktywne
Clarification .
- Target will be a few points above the obvious support.
- My requirements for a trade normally require me to place an order in advance as I don't have time to monitor the market, especially at market close.
- Current (general) preferred entry ticker conditions and entry signals are
a) Reversion to mean from overextension, providing there has been evident support from historical price action and/or a bullish/bearish pintail or rejection evident by an engulfing candle immediately after the supposed support/rejection.
b) Oscillators (Daily/Weekly Stoch as well as the Average Sentiment Oscillator) all providing confluence with a trend line/support level.
Trend Analysis

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