follow up - nice hard sell off and now nice hard bounce off that
low - question is this a wave B forms lower high etc
however I expected the bounce off those washout intra day lows
to be fairly strong - for example using the MA ribbons/BPT MA
Deluxe and BB example on a 5 min
price you see that BPT MA so far from the ribbons, typically
your bounce won't just be some small bear flag- but more of a
larger retracement - you can see how the BPT MA was also outside
the Bollinger Bands there at the low
one trigger for a long on that is either off a candle or when
the BPT MA goes green
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
follow up - nice hard
BPT MA Deluxe on the Ribbons - with Bollinger Bands
Posted by matt on 22nd of Oct 2021 at 12:50 pm
follow up - nice hard sell off and now nice hard bounce off that low - question is this a wave B forms lower high etc
however I expected the bounce off those washout intra day lows to be fairly strong - for example using the MA ribbons/BPT MA Deluxe and BB example on a 5 min
price you see that BPT MA so far from the ribbons, typically your bounce won't just be some small bear flag- but more of a larger retracement - you can see how the BPT MA was also outside the Bollinger Bands there at the low
one trigger for a long on that is either off a candle or when the BPT MA goes green