FLOW coming down
Updated
Flow has completed a 3-top pattern with a cluster of break down candles with supportive volume. The current trend above 4 o'clock is clear for a downward correction when the price line creates Lower High - Lower Low respectively.
The short entry will be at the neckline area of the 3 top model when the price returns to test this area. Target is located in the price range 0.5
The short entry will be at the neckline area of the 3 top model when the price returns to test this area. Target is located in the price range 0.5
Trade closed: stop reached
I'm wrong! FLOW gave us a shaking out. Now it will run higher. I will update soon.
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.