Bullish Reversal Potential with this Whale Feeding Zone Breach

11 Des 2023

As we move outside the third standard deviation we're now watching for the price to move back inside the second standard deviation and complete a 123 formation on a small time frame

I'll look for confirming signals on the 5-minute RSI while I'm watching for the 1 2 3 formation.

this can often give us a very good risk-to-reward ratio with a very small starting position.

11 Des 2023

Catatan

I was too early on the signal as price did not complete the 1-2-3 required to confirm the reversal. Price continued to new lows which invalidates this signal.

the Nesting 1-2-3 tops are now suggesting a longer period of consolidation may be required rather than a quick reversal for higher prices.