It looks like price has made an Expanding Flat which can only be confirmed once price reaches the low. Moving up the timeframe to the 240 mins shows a gang of wicks at the "Rejection Area". That being said, selling after the break of the line is not a bad idea.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
Trade with care. Use a strategy you have tested and verified.
6.1.8. Family.
More Than Just Trading.
Comment:
My labeling of the structure is wrong. As of now I'm waiting for a confirmation to get the right labeling .Maybe I will post the updated version here.
Comment:
Price can make one more up before the drop or it keeps going up:
