On the daily chart, the market has my favourite setup, a descending triangle, however, the sad news is that the RSI wasn't overbought which is important to me for that strategy of mine.
Hence, I will be waiting on the 4-hourly chart for a selling opportunity on a bearish bat completion. Given that it will then have an extreme break of the trendline of the descending triangle, however, if the market touch D price tomorrow and close back down within the red trendline, base on the daily chart the descending triangle will still be valid.
Of course, such movement is unlikely but is a good observation for tomorrow's market movement.
Hence, I will be waiting on the 4-hourly chart for a selling opportunity on a bearish bat completion. Given that it will then have an extreme break of the trendline of the descending triangle, however, if the market touch D price tomorrow and close back down within the red trendline, base on the daily chart the descending triangle will still be valid.
Of course, such movement is unlikely but is a good observation for tomorrow's market movement.
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
www.tiktok.com/@raynlim