Sometimes, you can enter a trade without an overarching structure or a correction level guiding the direction. This is a prime example. After an intriguing sideways movement, marked by almost textbook ups and downs, we saw the range break briefly to the downsideโa classic range spike, or as some call it, a fakeout.
This fakeout has trapped short-sellers, and as their positions get liquidated, theyโll fuel upward momentum. Interestingly, the range spike ended precisely at the resistance line of our broader structure, highlighted in red.
Given this, I donโt expect us to revisit the target level, and the structure is effectively complete. This is an ideal spot for a long position. Even without bullish structures forming, the chart has only one direction to go from hereโup and to the right.
This fakeout has trapped short-sellers, and as their positions get liquidated, theyโll fuel upward momentum. Interestingly, the range spike ended precisely at the resistance line of our broader structure, highlighted in red.
Given this, I donโt expect us to revisit the target level, and the structure is effectively complete. This is an ideal spot for a long position. Even without bullish structures forming, the chart has only one direction to go from hereโup and to the right.
Trade closed: target reached
Precision. Execution. Results. We called it, and TKA deliveredโ175% straight up, exactly as predicted. No noise, no hesitationโjust pure market mastery.
While others chase signals and second-guess their trades, we anticipate, position, and capitalize. This is the difference between guessing and knowing. The market isn't chaosโitโs a system, and those who understand it will always be ahead.
Knowledge isnโt just powerโitโs profit. Watch, wait, win.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Here, I share my market outlooks, highlighting key levels and directions I'm watching.
Don't follow blindly; always do your own research.
Don't follow blindly; always do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.