Aggressive Bearish Movement!
EMA indicating downtrend continuation. We may also have a W pattern being formed if the trend does die off but I don't believe it will due to the aggressive downtrend! We must be patient to see what the market does! If downtrend does continue, Wait for breakout, retest, and if rejection occurs - Sell!
This setup seems more on the side of being a short rather than a long position!
EMA indicating downtrend continuation. We may also have a W pattern being formed if the trend does die off but I don't believe it will due to the aggressive downtrend! We must be patient to see what the market does! If downtrend does continue, Wait for breakout, retest, and if rejection occurs - Sell!
This setup seems more on the side of being a short rather than a long position!