Theres Triangle Pattern,so i will wait when the candle daily close below the triangle.
When it does then will watch carefully for entry SELL near the triangle pattern.
Why I am expecting to SELL ? Becoz based on the weekly chart theres "hangin man "candle
Historically "hangin man "candle will make a bearish movement about 1-2 weeks
But the bigger picture still BULLISH thats why when i entry sell to use SL and TP
When it does then will watch carefully for entry SELL near the triangle pattern.
Why I am expecting to SELL ? Becoz based on the weekly chart theres "hangin man "candle
Historically "hangin man "candle will make a bearish movement about 1-2 weeks
But the bigger picture still BULLISH thats why when i entry sell to use SL and TP
Note
This is symetrical triangle pattern, I found it at website so it says :If a symmetrical triangle follows a bullish trend, watch carefully for a breakout below the ascending support line, which would indicate a market reversal to a downtrend. Conversely, a symmetrical triangle following a sustained bearish trend should be monitored for an upside breakout indication of a bullish market reversal.
Note
For me i think it will says that market this week will be on downtrend but still on CORRECTION on the huge trend. So it support the candle in the weekly i mentioned before if candle later break down the symetrical triangle.There will Short Bias for temporary
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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.