I remember seeing a lot of people last week trying to go long on $TRUMP
for a second leg because of Trump’s midterm election expectations, but I估计 they all got shaken out by the fake breakout in this nearly 30-point range of consolidation.
Now $TRUMP has completed two false breakout tests near the top of the range, and one liquidity sweep with a pin down at the lower edge of the range. This is my personal favorite second-leg entry structure……
If it can break through the yellow line in the middle next, then pull back and form a higher low, it should be the most likely successful second-leg entry this time.
—For reference.
for a second leg because of Trump’s midterm election expectations, but I估计 they all got shaken out by the fake breakout in this nearly 30-point range of consolidation.
Now $TRUMP has completed two false breakout tests near the top of the range, and one liquidity sweep with a pin down at the lower edge of the range. This is my personal favorite second-leg entry structure……
If it can break through the yellow line in the middle next, then pull back and form a higher low, it should be the most likely successful second-leg entry this time.
—For reference.
