434 gainers against 67 losers gives these plans a decent backdrop.
$CVX's invalidation at 2.0455 sits 6.8 ATRs below the zone. Price on $CVX is 2.696, so the zone is still 5.75% off, so chasing it now would ignore the plan entirely.
Risk-to-reward to TP1 on $W is under one, at 0.76 — that is the weakest plan of the set on paper. The stop on $W is 3.1 hourly ATRs from the middle of the zone.
$SC at 0.000895 is 1.63% away from its zone. $SC needs a wide stop, roughly 3.9 ATRs; it gives the trade room, at the cost of position size.
$SC first, $W second, $CVX only if everything else lines up.
$CVX's invalidation at 2.0455 sits 6.8 ATRs below the zone. Price on $CVX is 2.696, so the zone is still 5.75% off, so chasing it now would ignore the plan entirely.
Risk-to-reward to TP1 on $W is under one, at 0.76 — that is the weakest plan of the set on paper. The stop on $W is 3.1 hourly ATRs from the middle of the zone.
$SC at 0.000895 is 1.63% away from its zone. $SC needs a wide stop, roughly 3.9 ATRs; it gives the trade room, at the cost of position size.
$SC first, $W second, $CVX only if everything else lines up.