Not too sure I understood this DD setup. Too often I too wait for the move then it surges too fast without giving an opportunity to enter.
In my opinion,the only way to enter Amar was by putting a buy at 140,assuming when the last pivot high is taken out it would go higher.
ALternatively 20 day EMA at 130.7 was a safer entry because the price always seems the bounce off it.
In an effort to confirm the move we may miss the entire move unless we either enter pre emptively with a tighter stop loss or sacrifice some gains to benefit.
The former style is Raunak's and the latter is Oilman5's style.
Not able to attach the chart from icharts.
In my opinion,the only way to enter Amar was by putting a buy at 140,assuming when the last pivot high is taken out it would go higher.
ALternatively 20 day EMA at 130.7 was a safer entry because the price always seems the bounce off it.
In an effort to confirm the move we may miss the entire move unless we either enter pre emptively with a tighter stop loss or sacrifice some gains to benefit.
The former style is Raunak's and the latter is Oilman5's style.
Not able to attach the chart from icharts.