Don't believe what they tell you.
This is a bear flag/pennant whatever you want to call it, nothing else.
Fill shorts around the top of the pattern.
Previous daily candle engulfed 2 up candles. Price trading below weekly open.
There is no need to be upset, that is, if you are short.
Even if it bounces, keep shorting.
This is a bear flag/pennant whatever you want to call it, nothing else.
Fill shorts around the top of the pattern.
Previous daily candle engulfed 2 up candles. Price trading below weekly open.
There is no need to be upset, that is, if you are short.
Even if it bounces, keep shorting.
Trade active
Wake up in the morning, take a money showerNow I'm smellin' like money, got the money and the power
Note
Bull div on hourly RSI, place stop in profit and take 15% profit.Note
twitter.com/Imperator_DeusFollow me on twitter we making it
Note
If anyone took the trade with me, I do recommend that you TAKE PROFIT on the trade, and place your MARKET STOP IN PROFIT. The price action on lower timeframes right now with multiple fake breakouts to the bottom tells me there IS potential for a bear trap with longs getting filled on the fake breakouts, which is why it bounces back so quickly.
I personally took 25% profit. Locking in gains is never a bad idea.
Trade closed manually
Target not hit but if you followed the trade you still made good money. New idea is up.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.