Daily:
Link formed a massive bear flag, rejected hard off the 61.8 and then formed new market structure with a LL
Price bounced hard, back to 4H resistance and retest of the bear flag lower support, where it sits now after
forming a Bear Hammer yesterday with declining volume. This level also lines up with the 61.8 of the recent impulse move
out of the flag.
4H
Sitting at resistance and printed 5 Bear Hammers, CCI pointing down, steamroller starting to lower, both at the top of their
range although not in extreme levels.
Link formed a massive bear flag, rejected hard off the 61.8 and then formed new market structure with a LL
Price bounced hard, back to 4H resistance and retest of the bear flag lower support, where it sits now after
forming a Bear Hammer yesterday with declining volume. This level also lines up with the 61.8 of the recent impulse move
out of the flag.
4H
Sitting at resistance and printed 5 Bear Hammers, CCI pointing down, steamroller starting to lower, both at the top of their
range although not in extreme levels.
Trade closed: stop reached:
No dice on this one. Did start to see Bearish Divergence which had me feeling good about the trade, but no dice.