probability trading

2022年10月16日

Anticipating a break of the previously formed low which will confirm the bearish movement according to dow theory. Will start looking for short term buys at the Cp level/ demand keeping in mind the possibility of the market to keep dropping due to the diagonal liquidity, the buys are likely to go in to the previously formed supply, therefore forming and completing the right shoulder of the possible head and shoulder pattern. This trade is a low probability due to the possibility of the market to keep dropping due to the diagonal liquidity.