ARES worked nicely on the daily charts and allowed securing profits for those who stage out at 1 to 1. There is still room for movement till we reach some upper resistance.
Now something interesting for today. In case you've missed the daily entry you can still enter as we see another setup that appears on the weekly chart.
We have a nice-looking Hammer that occurred on rising volume. A stop-hunt action below all those inside bars.
When these work they tend to often move up to 5 bars which is a positive signal also for our daily trade.
It's an opportunity to add to the trade in case you're already in it from the daily signal.
Even more interesting about this setup is that this weekly hammer also appears in the context of multiple inside bars residing within the previous big bull bar.
Typically the more the better. Here we have 8 therefore we speak about some serious tension that can be released.
In case of a breakout above the range marked by the blue upper line - I plan to add to the trade.
Adding to trades is not logical, it's emotionally painful and is a practice done by so few traders, even successful ones.
But it's an action that can turn some regular trades into 10x baggers easily.
As with everything else, there is nothing certain so we shall see.
