Currently waiting on a confirmationsignal to short this shark. We either have the Butterfly completionpoint above or the break of structure below to go short.
What will the market do?
What will the market do?
Comment:
on the 1m the levels are a bit more clear.
Comment:
the butterfly to the upside isnt clearn enough anymore. so i wont use it as an entry. im still watching the lower structure and the trendline tho
Comment:
my way into this trade will look like this
im selling either way. stops above the highs of the consolidation so 5310ish
im selling either way. stops above the highs of the consolidation so 5310ish
Trade active:
didnt get filled on top by 1 or 2 ticks so im trading the breakout to the upside. to compensate for that i decided to run with a stop above the flag pattern
Trade active:
breakout to the dowside****
Comment:
TG1 hit for roughly 2:1.
stops BE and waiting for TG2(618 retracement of the shark)
stops BE and waiting for TG2(618 retracement of the shark)
Comment:
we are currently forming a flagpattern really in the middle of nowhere, so i dont see any reason why the market shouldnt go further down from here.
since im already breakeven im looking to add to this position if we can break the flag.
since im already breakeven im looking to add to this position if we can break the flag.
Comment:
entry didnt happen and signal terminated by a momentum spike to the upside. i will be looking for a bigger ABCD to maybe go short again, but for now nothing. stops for TG2 are still at BE
Comment:
TG2 stopped out for breakeven trade closes
