We have now violated structure putting in an ISL (initial structure low) an indication of trend reversal. We are now pulling back into the outside return,we have also got a lower low lower close candle in the outside return which is my entry signal. Im not short. Stops are 1 ATR above the outside return. Targets are an AB=CD pattern coming into structure.
We have now violated structure putting in an ISL (initial structure low) an indication of trend reversal. We are now pulling back into the outside return, if we get a lower low lower close candle I will short the market with stops 1ATR above the outside return. Targets are an AB=CD pattern coming into structure.
On the Daily TF we are consolidation sideways after a rally long this is the first indication that we could see a breakout pattern, We do have a potential High and Tight flag on the daily time frame. On the 240 We have a direction pole and a triple test on the 60M time frame. We broke and closed above indicating a bullish move and pulled back for a entry using a...
