5 minute time frame respecting trend line recent lower low and 618 retracements all line up to same point many rejection candles rsi resistence for down trend #
trade break out of descending triangle
im currently shorting this but if head and shoulders breaks could be a big move to upside just posting for people who prefer to trade patterns
4hr-1hr time frame reason for entry: 4 hour trend line bounce same place as recent supply/demand zone and 618 retracement zone (all line up) 1 hour time frame showing RSI divergence and Market cipher sell signal bear candles also present showing bearish momentum at these zones take profits along the way
BREAK AND RETEST STRATEGY AT 382 retracement multiple wick rejections and indecision at level wait for red candles for safer entry take profits along the way with trailing stop loss
CHECK 1 MIN TIMEFRAME! TRADE BREAKOUT
reason for entry down trend retracement to 618 level lines up with recent lower low structure potential trend line STRONG rejection candles RSI divergence on 5 minute timeframe
reasons for entry down trend signs potential trend line rejections 618 retracement 5 minute timeframe showing rsi divergence and market cipher sell signal wait for direction of market to change for safer entry take profits along the way
look @ 1hr / 30 min chart strong down trend overbought pull back to recent support/resistance level RSI divergence on 30 minute market cipher sell signal take profits along the way move stop loss to break even after price starts to move stronger to down side
look @ 1hr / 30 min chart strong down trend overbought pull back to recent support/resistance level RSI divergence on 30 minute market cipher sell signal sell candles also present take profits along the way move stop loss to break even after price starts to move stronger to down side
1 hour strong down trend coming to strong supply/demand zone indecision around zone oversold for a down trend ~ MACD coming to end of bullish wave 15 minute rsi divergence buyers slowing down market cipher trigger wave sell signal
strong down trend coming to resent supply zone oversold multiple rejections of level
strong up trend trend line 618 fib and recent high all line up for buy zone rsi hitting resistance buyers at buy zone already present with bull engulfing candlestick pattern multiple confluence 15 min time frame
over sold for uptrend trend line 618 retracement and recent high all line up at same point bullish candles at buy zone long 5/15 min timeframe
recent lower low retracement same level as 618 retracement overbought rsi market cipher giving sell signal
highly over sold at support level 3 rsi divergences good RR market cipher buy signals
strong down trend trend line rejection again exact same point on trend line is 618 retracement and recent structure market cipher sell signals divergence wave