Cup and handle or FLAG, with nice structure on H4/D1 TF, i am waiting with buy stop above daily correction on 14.76
1) previous nice move UP 2) nice resistance zone 3) Head and shoulder ... i am just waiting for right structure H4/D1 for short..
if will be still long structure on H4 with correction on blue SR, il wait with buy stop above...
nice zone for short 1) RR to triangle 2) TOP of channel 3) RR to 123 4) Pin D1 5) good D1 structure i am just waiting for correction on H4 for make it more clear H4 timeframe.
Behind big TL bounce bottom/HAS touch of TL enough space to move up waiting with buy stop on 123 H4
If price will keep this swing structure and make correction on H4 before ( ideally exactly) on redline, i will place buy stop order.. 1) out of flag 2) Head and shoulders 3) good swing structure 4) bounce bottom
short on 123 H4 sell stop: 17.36500 SL : 1749 PT 1652
entry under daily correction, i had sell stop but still time to go in... Nice RRR...
Nice and aggressive structure on H4 with big HaS
Nice touch of daily TL with RR of clear bounce bottom
Bounce bottom/W + "V" with right structure on H4 ( if will break 123) lot of space for move UP
Nice FLAG on RR with support of 123 structure. Chance on nice RRR.
Possibility of to move up after touch of daily TL with aggressive move out of triangle what seems to lead to powerful flag as well... just waiting for right structure on H4... nice RRR as well...
Strong RR point Flag pattern RIght structure enough space for move down