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A Thread ๐งต
A Thread ๐งต
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐ง๐๐๐ ?
โข When price sets the low / high of the week on Monday or Tuesday & expands through Thursday ,
Upon meeting the weekly objective on Thursday , a 20-30% retracment occurs back into the weekly range on Friday , offering high probability setups
โข When price sets the low / high of the week on Monday or Tuesday & expands through Thursday ,
Upon meeting the weekly objective on Thursday , a 20-30% retracment occurs back into the weekly range on Friday , offering high probability setups
An ideal TGIF Scenario can play out in 2 ways ,
Friday can either take Thursday's High / Low or price can seek support from an internal PD Array created on Thu ,
Then retrace back into 20-30% of the weekly range.
Friday can either take Thursday's High / Low or price can seek support from an internal PD Array created on Thu ,
Then retrace back into 20-30% of the weekly range.
Any LTF entry model like 2022 mentorship model or silver bullet can be used in TGIF
Some chart examples :
Some chart examples :
๐ โข TGIF occurs commonly but not necessarily every single week ,
It sure does deserve a spot in your trading arsenal to anticipate high probability setup on Fridays
It sure does deserve a spot in your trading arsenal to anticipate high probability setup on Fridays
Hope you guys found this thread insightful ,
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