Identification: price installed a downtrend showing NSLs and LHs. Now it pulls back to the primary trendline after the acceleration phase.
Prediction: Typically, it consolidates a bit and then the trend continues.
Decision: Wait until the pulback ends and execute the bear bat advanced formation entry technique. Stops should go 1ATR above the most recent LH. Targets - retest of the A-point.
Execution: This field is empty for now. I will update the idea if the trade triggers.
Prediction: Typically, it consolidates a bit and then the trend continues.
Decision: Wait until the pulback ends and execute the bear bat advanced formation entry technique. Stops should go 1ATR above the most recent LH. Targets - retest of the A-point.
Execution: This field is empty for now. I will update the idea if the trade triggers.
Trade closed: stop reached:
hit stop. exited with a small loss