I got two zones on where to entry short depending if it meets my rules to short the market. I can go aggressively SHORT with stops on the patterns itself or wait for confirmation as for conservative.
Looking on the Daily, we do still have a valid bear Cypher Pattern and market is forming a kind of bearish divergence already. I can hold this short position as long as much as i can as a trend following one. But for taking targets, i can go and take target on every bullish pattern completion by which an opportunity to go LONG one again depending on future price action. Trade with care.
Looking on the Daily, we do still have a valid bear Cypher Pattern and market is forming a kind of bearish divergence already. I can hold this short position as long as much as i can as a trend following one. But for taking targets, i can go and take target on every bullish pattern completion by which an opportunity to go LONG one again depending on future price action. Trade with care.
Comment:
Hi guys we are near to our bear butterfly pattern completion.
Trade closed: target reached:
Hi guys if you have taken the bear butterfly pattern. TP 1 and TP 2 was attained before market went to reversal and back now to our entry price on the bear butterfly. Good trade.