Original link: https://muyexi.im/zmzuo-kong-jiao-yi-fu-pan/
At 10:00 pm on October 5th, it was found that US soybean meal ( $ZM ) fell in the channel at the previous low position. It should not bounce, so I opened a short position.
1 hour chart:
4 hour chart:
The price fell below the previous low and consolidated intensively on the 7th, forming a standard small-level relay. Will it fall below the top structure of the weekly level?
Sadly, at 11pm the price broke up and I didn’t notice. The 8th and 9th were weekends, and the market opened in the morning on the 10th, and I was stopped.
model
It happened that Beard View Coin was talking about ” How to Identify Fraud Cannons “:
The upper and lower boundaries of the large frame, receive a standard small structure, which has a high probability of being a trap.
Looking back, this small-level relay trap is so familiar, such as BTC in June 2020:
Of course, there are also cases of falling below:
Therefore, you should pay close attention to the direction of the price breakout at the end and stop losses in time.
Reflect:
A standard small structure appears on the border of the big frame. Don’t imagine that the price is running smoothly and positively, and watch it carefully. If the price breaks in the opposite direction, it is likely to rebound sharply, and it is necessary to stop the loss in time.
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