Hi guy's the buy of last week was successful. On my YouTube channel you can find my updated outlook for next week's trading session. (channel: Tim Stuyts)
Tim, I just wanted to thank you! I appreciate your work very much and I've been a follower since two years when my brain was working at 100mph absorbing everything that would help me to become a better trader. Your TA's and comments have definitely helped me on that. Although I am now a profitable trader and strictly open and close trades based on my own analysis only, I am still quite interested in your point of view. Looking forward to enroll in your course soon! Trading is a never ending learning curve. Stay blessed mate
Thanks for the chart! I've also watched your Youtube video. What would be the signal whether to buy or to wait for the new low? The degree of correction or is there anything else?
TimStuyts
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@nummus, the main thing I look for is structure. So if I see a corrective structure lower I target the next leg higher.
EspressoDopio
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You'll probably be right :)
What's the odds of breaking out of downtrend channel in your opinion?
TimStuyts
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@EspressoDopio, in terms of probability I can't say because it doesn't have to be a channel from the top. That's why I elaborate on the possible corrective strucutures still on the table. Hope that explanation in the video helps.
nummus
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Thanks for the chart! I've also watched your Youtube video. What would be the signal whether to buy or to wait for the new low? The degree of correction or is there anything else?