Short
Hey,
1) Consolidation has formed and pressure is mounting. Support line drawn and trend line drawn showing a descending triangle. = Bearish
2) Rectangle highlights the consolidation pattern
3) All patterns have broken to the short side
4) Volume is increasing confirming this move will continue
5) Break occurred but with a long lower shadow, there has been a retest of this line and rejection which is a bearish sign
6) Wait for another Bearish momentum candle, if this happens go short. If no rejection/conformation candle occurs (Very little lower shadow) avoid the trade and wait for a better entry.
Im happy to go short here, Take profit 2 X ATR and Stop loss 1.5 X ATR
1) Consolidation has formed and pressure is mounting. Support line drawn and trend line drawn showing a descending triangle. = Bearish
2) Rectangle highlights the consolidation pattern
3) All patterns have broken to the short side
4) Volume is increasing confirming this move will continue
5) Break occurred but with a long lower shadow, there has been a retest of this line and rejection which is a bearish sign
6) Wait for another Bearish momentum candle, if this happens go short. If no rejection/conformation candle occurs (Very little lower shadow) avoid the trade and wait for a better entry.
Im happy to go short here, Take profit 2 X ATR and Stop loss 1.5 X ATR
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.