ilmscore | Prediction Details
"here was our zone right we broke above and closed above this area since we've broken closed above it what's the most recent remember recency area the market broken closed above right here right so since we pulled back into that area it's now an area I'm looking at for possible support that used to be resistance and it's an area I was looking for a five-week rejection from so in this case we ended up with one two three four and this big cannon would be five weeks that have rejected this area"
By The Trading Channel (The Trading Channel) | January 27, 2020 | Pending
From video
How To AVOID The Biggest Mistake ALL TRADERS Make - And - Start WINNING Trades With 3 Simple Tricks 00:21:22 - 00:21:54
Interpreted Prediction
The five-week rejection strategy involves looking for rejections from a previously established support/resistance area after the market breaks and closes above it, with five candle rejections indicating a potential entry.

Prediction Details

Topic
Five-Week Rejection Strategy

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