With the double bottom this week I expect we move a bit higher on low volume or maybe chop next week and then we continue the ascent week after next. My Strategy backtests with 56% accuracy, PF 2.4. The avg winning long is 3x average losing long. Short wins are a little more than 1:1 which isn't ideal but still over 65% chance at hitting short profit targets.
Disclosure, I am taking small positions as I explore the possibilities of this ATR-based renko strategy. So far very good results with $SPY and $QQQ
Stop at about 171.3
Disclosure, I am taking small positions as I explore the possibilities of this ATR-based renko strategy. So far very good results with $SPY and $QQQ
Stop at about 171.3