Skip to main content


 When price broke range top max and took time to build a microfractal it made me start to reason that maybe the schematic would trend downwards and therefore the decision to open three positions instead of two. However looking at it now is looks like price is compressing downwards in anticipation of a trending move long. This trade is highlighting that I still need to clarify my definition of a high probability trade as well as under what conditions I would plan to open a two vs three position trade.

Comments

Popular posts from this blog

 Looking for price to break support before expanding range top symmetrically to retest LT D AP.
Entering a schematic when it is about to trend off a M1 OB DOWN which is retested clearly and with momentum could be viewed as a final entry indication confirmed by the 7 candle rule.
 Two microfractal distributions following each other. Second micro broke structure slighty to the downside then broke more strongly to the upside with a wick indicating momentum shift for move downwards.