First of all, let’s examine the first market dimension which is a key point in determination the further strategy of behavior of a trader or investor within the framework of Bill Williams’ strategy. The price has risen above the upper fractal on the current chart. This defines the phase space as northern. It may indicate the formation of an upward movement. To assess its potential, the signals from other market dimensions should be examined.
The Awesome Oscillator indicator has consolidated below the zero mark.
As it is seen, the AC and AO indicators are in the green zone, which indicates that there is enough strength and energy to continue the movement in the northern direction.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
As a result, there is a northern phase space. At the same time, some indicators indicate the possible development of a pullback movement or the transition of the market to a new phase.
📊 Buy Stop 476.29
❌ Stop Loss 472.03
After entering the market, Stop Loss is carried along the red line after the closing of each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
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