Descending channel break out, EURUSD SHORT ( DXY LONG)
corrective structure breakout, waiting for PA to form a tight flag (4-8hrs low momentum candle) to take the sell to the bottom of the structure.
A pattern within the pattern (ascending in an ascending) INCREASED the opportunity for the price to go bearish.
A descending channel in descending channel might be the beginning of a bullish trend.
Waiting for price to complete this piece of corrective PA, looking for entry at the top of the structure, BE AWARE OF HOW PA APPROACH THAT AREA (CORRECTIVE OR IMPULSIVE), WAIT FOR STRUCTURE TO COMPLETE.
Price broke out of ascending channel formed an H&S (increased the probability of price playing out to the downside.
PA reached the previous high it didn't manage to break it instead it formed an H&S pattern. Enter the short after 1 hour close at the break of the neckline.
Within the ascending channel, PA formed a H&S at the top of the structure therefore, I'll be looking for short entry at the break of the neckline.
PA formed a H&S pattern, look for short entry at break of the neckline.
Currently PA is within an ascending channel and formed a h&s pattern, look for sell around this area.
Looking at current price action, there's a possibility for the H&S to play out. However if in order to take a short position we would have to be patient a little for PRICE to complete the whole pattern as a confirmation.
SOME expanding corrective nature to expect when the market isn't in an impulsive PHASE. -larger expanding corrective structure -tight flag -head and shoulder
Hopefully, this H&S plays out if it does break and formed a continuation pattern I'll be looking for a corrective structure to enter short.
Overall a larger ascending channel, PA was ascending formed a continuation flag. Ideal entry would at the Most Recent Bullet.
BTC formed a h&s pattern showing downside potential, be prepared to sell if trump don’t mess around with his “news”
Price forming a double top, it was rejected from previous high and approached it in an ascending channel formation.
1. double top 2. 1-hour impulse down + 4-hour engulfing candle. Currently, in a corrective phase, AJ has the potential to drop to the downside. In for a short term sell.