Short term bearish pattern identification

7 בינו׳ 2020

Entering a short under 8130 doesn't look ideal to me, but it already dropped before I could finish this...

The bit about lower volume on a higher high after a range break is what I look at to indicate top. It is a bluff by the 'market makers' to thin out the orderbooks and allow the price to float up without pressure, or simply shift the orders higher, to catch stops right above what was assumed to be the high.


Ranges are different on every timeframe and ideally one adjusts position size according to the size of the range and avail. portfolio to burn

8 בינו׳ 2020

הערה

Blue line denotes where TradingView posted an article on the Iranian missile strikes: dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/01/08/Crude-Oil-and-Gold-Prices-Surge-as-Iran-Retaliates-Eyes-on-Trump.html