Gold looks like a breaker being mitigated right now
After understanding the breaker basics,
You can take a deeper look;
After closing two candles below the breakers body*
This should be the sequence:
Candle number 1: break candle.
Candle number 2: mitigation candle.
Candle number 3: expect expansion.
You can take a deeper look;
After closing two candles below the breakers body*
This should be the sequence:
Candle number 1: break candle.
Candle number 2: mitigation candle.
Candle number 3: expect expansion.
Stoploss: 50% of the breaker, conservatively the high of the breaker.
Entry: candle number 2 (mitigation candle)
Exit tp 1: candle number 3.
Entry: candle number 2 (mitigation candle)
Exit tp 1: candle number 3.
Don't believe me,
Go see this for yourself in your own charts,
It's beautiful.
Go see this for yourself in your own charts,
It's beautiful.
The candle doesn't mitigate,
The traders mitigate their losing positions into the candle (the "breaker")
This is not only ICT terminology; these are classical price action terms 😉. @I_Am_The_ICT
The traders mitigate their losing positions into the candle (the "breaker")
This is not only ICT terminology; these are classical price action terms 😉. @I_Am_The_ICT
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