Nasdaq is still in a downwards move it has to complete the set up by giving last impluse after the breakout as now is in a correction phase. Based on the nature of the market
On higher time frame Gold formed a bear flag with bearish continuation patter, where the enter is after the breakout and stop loss above the resisting trendline. Nature of markets on how they move.
I see Nasdaq being on a down trend because of a bear flag with bearish continuation with the same legnth of impulse after the correction. Enter after the break out.
On higher time frame, I saw break out in a supporting trendline, followed by Bearish continuation acting as a pull back. From the knowledge of patterns, there is breakout re-test unless otherwise it give us false break out. On 15min timeframe it gave us bearish continuation supported by supporting trendline that has been broke and act as a re-test.
On H4,I saw inverted head and shoulder and bull continuation that indicate that the bulls are going to gain momentum.After the break out of current move,we enter and hold for the set up to be completed...
Clear patterns on H1 timeframe...How can you take re-entry.
The change of trend and how we manage to take bullish move...Pure price action with Risk MAnagement.
Entry after it break the support turning into resistance with the confirmation of a continuation pattern which Bullish continuation:unless otherwise it give us fake breakout.
As Market move in implusive and correction way. I saw a changing seller taking over after the break out by implusive move,And correct after the break out with bearish continuation then implusive.Now it's at a correction phase where we see bearish continuation indicating that,Seller are still in control unless it breaks the resisting trendline for Buyer to gain...
Break on our resisting trendline and break out of our support which is a conformation that bullish are about to gain a momentum. Also the closing of a candlestick in our resisting trendline. After the break out, if it forms bullish continuation, It's a clear buy that act as a re-entry.
Let's wait for the break out of a current candlestick,and if it close below a supporting trendline.enter sell with risk management unless it do fake break out and reject to the upwards and continue as a upwards trend from daily charts.
when a candlestick close below the trendline,I'm looking for a Sell opportunity unless it makes a fake break out. The risk is being managed..
break out from bullish continuation and the close of the candlesticks that are closing above the trendline.
this markets is traying to trap traders for the buyers its bearish continuation