Without procrastination in the price we're seeing fall immediately after raising wave. Role of pin-bar is very important in this case.
For example, suppose current candle closed at 210 + ATR 40 = next week target 250 nearby.
Let's move to lower time frame:
hit:put the alert for price crossing outside of upper/low bound of the parallel channel.
CONCLUSION : As per ATR and Candle observation, Keep buy until price is above 198.
I"d like to find bottom and top mostly. We need patience here.
- ATR(at 40 points) is useful to decide next week candle range prediction.
For example, suppose current candle closed at 210 + ATR 40 = next week target 250 nearby.
Let's move to lower time frame:
CONCLUSION : As per ATR and Candle observation, Keep buy until price is above 198.
I"d like to find bottom and top mostly. We need patience here.