Prophet Target

Prophet Target

Prophet Target -

Amazing model to understand and watch happen live. This is a new model, it suggests that the market price will retest the last price move. If the market made a low, you may see a bounce, then a retest on the same bar, or the next 1 or 2 bars to the recent low. 

Vice Versa for moves up. The market makes a move up to certain price level, then ball bounce down, then a retest of the recent high is what we call Prophet Target.

How to trade this model?

If the market makes a move, you can do 2 things? 

1. Wait for the ball bounce and then enter with a target of the recent move up or down. 

2. If already in the move, meaning you may be long the market, then wait for the ball bounce and use the recent price level move as a target exit. 

https://cycletraderpro.com



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