Price has break the descending TL, I will be waiting for a small correction and then break out.
AB - CD Pattern completed Fib extension Low Volume Same situation on YM and ES
- Consolidation - Daily resistance structure - Weekly resistance structure - Downtrend - Looking for shorts.
Waiting for an entry signal. Aggressive trade - enter at the 50 fibo Conservative - wait for a candle formation pattern, e.g. engulfing candle. Extra conservative - wait for price action formation, e.g. double bottom.
- Breakout of trendline - Consolidation - Waiting for breakout of short term trendline
AB - CD pattern inside CD leg of bigger AB- CD pattern. OB RSI Double top on NQ
- Momentum to the downside - Breakout of the ascending trendline - Small correction - Waiting for the breakdown.
- AB - CD pattern - Fib cluster - OB RSI - Resistance from previous structure
- AB - CD pattern - Support from previous structure - OS RSI ? - 61.8 fib ext