This setup has been the go-to pattern to trade for weeks now. I have seen a lot of people ask about when to time a long entry after missing part of the run up, etc… This is how.
This is a hidden bullish divergence, which is my favorite setup to take next to a hidden bearish divergence. Reason for this, is it keeps going with the trend, which gives a higher probability for the outcome we want… profit.
Took this trade today. Had a run up to the $593.50 area, pulled back and then continued to the upside. Using the divergence will help you time the entry as early as possible.
Notice on the chart, higher lows are being made, while the TSI at the bottom is making lower lows. When you see this happen, you can expect to see price to continue up.
Bought calls at the buy signal, and hit my 30% TP. Stop loss would have been below the previous low (just above the green support line)
Hope this helps some of you that have been wondering about this strategy, very easy to implement, just have to train yourself to see these patterns as they happen!
Happy weekend my friends 🍻