We have a shorting Opportunity with a Falling Three Methods Pattern.
Fot this pattern, the market should be in a downtrend. A long red candle is followed by about three small rising candles whoes real bodies hold within the first candle's range (including shadows)
The final session should open under the prior close and then close under the first red candle's close! (=>our short trade). If this trading day closes over the first red candle`s open price this would be our reason to exit the trade!
Again we are speculation for the second big red candle which should appear this day!
Fot this pattern, the market should be in a downtrend. A long red candle is followed by about three small rising candles whoes real bodies hold within the first candle's range (including shadows)
The final session should open under the prior close and then close under the first red candle's close! (=>our short trade). If this trading day closes over the first red candle`s open price this would be our reason to exit the trade!
Again we are speculation for the second big red candle which should appear this day!
Trade closed: target reached
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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.