Continuation, DB, fL2, fBO, 1P, bull CH, mDB, H2, W, BP, XT
About the Charts
daily chart
Always In Long (AIL) since today
Breakout, yesterday’s L1 ended up being a pullback
for NinjaTrader® – Forget Squiggly Lines!
Continuation, DB, fL2, fBO, 1P, bull CH, mDB, H2, W, BP, XT
A Wedge reversal (three or four pushes each with a new extreme) forming at the top or bottom of a trend is probably the most successful setup for a swing trade.
The most crucial prerequisite for a Wedge reversal is a clear trend channel line overshoot and in particular a second overshoot.
Other strengtheners / requirements are: Continue reading “Trade the 1st Pullback after a Wedge – the W1P!”