Confluence area
Confluence area:
1.Weekly 50% fib
2.Daily 50% fib (different move)
3.Top hourly TL (black)
Entry:
1.Confirmation of Double Top
2.Break potential local channel (pink)
1.Weekly 50% fib
2.Daily 50% fib (different move)
3.Top hourly TL (black)
Entry:
1.Confirmation of Double Top
2.Break potential local channel (pink)
Note
Nice initial move, looks good for continuation.Looks like Bear flag. (30m)
Note
Stop loss move to the Red line:Trade closed: stop reached
Close in very small loss
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.