MATICUSD Bearish Structure Again

MATIC Bulls do not want to see this H&S at a Double Top Fail out of the Bearish up channel.

הערה:

The structure never broke trade never triggered still bearish looking.

הערה:

While the initial short setup to did not trigger, choosing to take out stops above attracting bull suckers only to dump it on them too, the short setup is still there on a break of structure.

הערה:

Matic is about to Trigger a short.

הערה:

Short Triggered as expected.


Now apply proper risk management

הערה:

A right should could form here. Still bearish.

הערה:

KABOOM!

הערה:

Matic New Lows as expected.

הערה:

A better-defined right shoulder would not be unreasonable.

הערה:

Matic has now formed a more solid right shoulder.

הערה:

Matic has had no correction since my short call. In fact, it is even lower.
Bad JUJU!

הערה:

MATIC new lows.

הערה:

New lows!

הערה:

New lows again.

הערה:

Matic is forming a small bear flag

הערה:

Matic nose diving as expected.

הערה:

After posting the bearish flag MATIC did collapse as expected. Now trading 0.78 as the carnage continues.

הערה:

Yet another bearish setup in MATIC. Wait for a trigger.

הערה:

As expected MATIC is now at a key area

הערה:

BINGO!

Another Great Call! ;)