we can see a very long wick on H4 meant to stop hunt+ fomo buyers into buying but all of this is to make liquidity for a nice short
still very possible that price can break up but i will be looking to sell after current signs are presenting themselves
1: 3 touches of ascending reverse wedge
2: Big wick stop loss hunt + fomo buyers caught in trap
3: smaller tf indicates another bearish ascending reverse wedge at resistance
so i will be waiting for the break of this smaller tf pattern to enter my short
Goodluck to all
still very possible that price can break up but i will be looking to sell after current signs are presenting themselves
1: 3 touches of ascending reverse wedge
2: Big wick stop loss hunt + fomo buyers caught in trap
3: smaller tf indicates another bearish ascending reverse wedge at resistance
so i will be waiting for the break of this smaller tf pattern to enter my short
Goodluck to all
Note
trade active
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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.