1. Loss #1 - Waarom was dit een loss
Entry TF:
Higher TF:
Antwoord:
Don't like how that choppyness was rejected so strongly:
and also
For me, mainly the acc rejection and B/R of CCL and then it was failing to break the LTF lows
thats what i see
Plus, the rejection of the Acc was a bobbi which went into a another LTF acc, so you could even long the BR of the level after it
2. Zou ik deze trade nemen met een triple top in de weg?
Antwoord:
Yeah triple top is of course a barrier, but it can also be an area of liquidity above the highs. It formed an ascending corrective wedge, which sent price to the low. So once price hit the low, the corrective has technically played out and completed its move, as it doesnt always have to make a new low. Then with the Bobbi (which is a lower timeframe V rejection) which lead into a choppy accumulation, retested the low of the V and rejected it could be your entry long. In general, i do not like to trade back into a HTF level once price has rejected it, but in this case it did look like price was going to test it again or at least take some liquidity from the highs.
You can see that after price took the liqduitiy above the triple top, it used to to move back down to the re accumulation before continuing. So looks like all those market behaviours were relevant to this section of price action
you also have this
3. Bias #1 - Wat zou hier de juiste bias zijn? Bullish of Bearish?
Antwoord #1:
Antwoord #2:
Daily not too clear for me, but it did fail to make a new high after the V, and looks like it went choppy and formed a distribution so wouldn't want to long into that without some strong MB. If i did long then the distribution would be as far as id target. Just have to see how it reacts to the midlevel, origins etc. TBH it depends on what timeframe you take your entries on. I trade 30m so i dont put too much emphasis on daily. Im not saying dont use it because its definitely relevant but, a trade for me can be just 2 hours in duration sometimes which could only be a wick on the daily, so id go with my 4h/2h bias.
4. Loss #2 - Waarom was dit een loss
Higher TF:
Antwoord:
Daily TF:
4H:The trade is against the trend and to go long I would wait for stronger MB and a BoS. Also I don't like that DC too much as it gets violated a lot.