good evening all.
Bracke:why close Cable swing?Have you seen something new?
One nice intraday set up for me in Cable tonite.
Considering 15 min chart.
1)Price washed the previous 3 bars and made a new low..flow down for time being.
2)”True” level of sellers in grey lines..this levelis where i would want to be looking for shorts
3)Price spikes up to the wash level and upper parallel of blue PF.Perfect!The plan has come together.
Short at red circle..
R/R better than 3:1
We got a stop above last wash
We have a target..ther median line of the PF(80% succues rate in tagging median line)