**Entry:**
Use 1 h time frame
Price below moving average
Wait for completion of wave b correction pattern within the rising wedge
Enter after b wave completion and price breaks below wedge trend line
Confirmation: Bearish candle close below trend line after B-wave ends
**Stop Loss:**
- Place pips above b-wave high
- Alternative: Above upper wedge trendline
**Take Profit:**
wave C or previous support at 3235.807
**Confirmation Signals:**
B-wave showing exhaustion
Failure to reach upper trendline on final B-wave push
closing bearish candle
This setup combines the rising wedge breakdown with the process of a corrective ABC pattern for a stronger short signal.
Use 1 h time frame
Price below moving average
Wait for completion of wave b correction pattern within the rising wedge
Enter after b wave completion and price breaks below wedge trend line
Confirmation: Bearish candle close below trend line after B-wave ends
**Stop Loss:**
- Place pips above b-wave high
- Alternative: Above upper wedge trendline
**Take Profit:**
wave C or previous support at 3235.807
**Confirmation Signals:**
B-wave showing exhaustion
Failure to reach upper trendline on final B-wave push
closing bearish candle
This setup combines the rising wedge breakdown with the process of a corrective ABC pattern for a stronger short signal.
Trade closed: stop reached
Hit SL, price didn't break downNote
The price moved into my initial direction after hitting SL.
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.
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.