Strategy by BOE Member:
Long Trade:
Long Trade:
- Alert that Bottom COngestionBreakout Zone has been breached. CongestionBreakout Zone is narrow(NOT WIDE) and candles have been moving sideways(consolidation)
- Candle has turned into a Green Mikko Breakout Candle
- CCI is over 100 level and is sharply pointing up steeply with no folds(If its just lazily fluctuating in overbought forget the trade)
- Watch out for Resistance
- Take Call 1-2 candle expiry
Short Trade:
- Alert that Bottom COngestionBreakout Zone has been breached. CongestionBreakout Zone is narrow(NOT WIDE) and candles have been moving sideways (consolidation)
- Candle turn has turned into a Red Mikko Breakout Candle
- CCI is under -100 level and is sharply pointing up steeply with no folds(If its just lazily fluctuating in oversold forget the trade)
- Watch out for Support
- Take Call 1-2 candle expiry