1. Prints on a support/ Resistance zone.
2. It has a long tail and the body of the KT is in the upper third or lower third of the
KT respectively.
3. It prints in an area on the chart that hasnt seen price action for quite a while.
I.e Has huge space to the left.
4.Price consolidating to signify exhaustion of momentum is ideal too
-Stop loss is placed on the other side of the KT while TP is placed on the next zone.
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1. Prints on a support/ Resistance zone.
2. It has a long tail and the body of the KT is in the upper third or lower third of the
KT respectively.
3. It prints in an area on the chart that hasnt seen price action for quite a while.
I.e Has huge space to the left.
4.Price consolidating to signify exhaustion of momentum is ideal too
-Stop loss is placed on the other side of the KT while TP is placed on the next zone.