The chart shows the Quickflip trading strategy in the 5-minute timeframe and currently, the signal is running long since 28th Nov 2023. We are on the 8th day of long signal continuation. Such signals I prefer to call as Fat Tail trades which are very rare in nature for a short-term period like a 5-minute timeframe. Usually such signals tends to happen in a very strong trending markets.
Usually, such signals come to an end from the short-term perspective within 8-10 trading sessions. This brings the odds of anticipating very short-term corrections towards 20880 – 20900 levels.
The current Signal is running for almost 575 bars in 5-minute timeframe and this is the 4th Fat tail signal for this year 2023.