Posted by mstaples37 on 15th of May 2021 at 02:22 am
That's one thing I've always found tricky about multiple
timeframes. On the daily, it's just a retest of a breakdown
from the falling wedge that may or may not succeed. On the
weekly, it's a close within the wedge. I've found the higher
timeframes often are respected, but unless and until that occurs,
you are sitting there with a clear breakdown on the daily, and it's
then a question of how much leash to give it. Makes it tough
to define risk.
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That's one thing I've always
When this year long bearish {Raising Wedge} breaks down it ...
Posted by mstaples37 on 15th of May 2021 at 02:22 am
That's one thing I've always found tricky about multiple timeframes. On the daily, it's just a retest of a breakdown from the falling wedge that may or may not succeed. On the weekly, it's a close within the wedge. I've found the higher timeframes often are respected, but unless and until that occurs, you are sitting there with a clear breakdown on the daily, and it's then a question of how much leash to give it. Makes it tough to define risk.