Disliked{quote} Hi, my views for discussion. Yes we are due a ZZT but the move in 15m is not right yet. stoch is not yet aligned, the unborn zone is not a "virgin" and the zone below is very hot because its been around for 11 days. I don't know how to trade this to be honest but longs should be taken carefully I believe. Just because all ZZB form does not mean a bottom. Learnt that the hard wayIgnored
Work got in the way and I wasn't able to exit my Longs on the last 15M swing.
So currently underwater. Dammit. Wanted to ride it down.
But yes, I agree that we are due a Top. Good call blackqn regarding the lower zones... they've clearly attracted price.
The crucial indicator to watch out for is the 300EMA on the 1H. If price stays below this line, we're in Bear territory.
A pip is only worth it if you know how much you risked to earn it