08/15 Sell Trade Good explanation

1. Variation: Yellow
Let me explain this deeper. Variation is when there is a variety of candles in a trend that is losing momentum. In this case the bullish trend was losing strength.
But to be sure and avoid looking at a negative amount for a while just wait for the second step which is:
2. Wick rejecting the opposite site: Blue
Usually when you see a wick in the moment that that wick was being created it looked like a big candle going up. To avoid headaches is better to wait for the candle to close creating a wick that rejects the opposite side of the trend. Because if you look a big candle going up for example you get excited and jump at the buy just because of FOMO but imagine that you get in that trade and your big candle closes with a big wick ( bad news you played yourself). To avoid that, I was looking for sells so I needed a good wick saying that the bulls ( buyers) had no power left.
3. Volume: Red
The volume going down an it was still less than 10 am told me what I needed to do to enter confidently. I put the stop loss just where the big bearish opened to be sure.


So in simple words :
Look for variation telling you that the trend is coming to an end.
Look for a big wick rejecting the opposite side so you can enter more confidently.
Wait for good volume to go exactly where you needed to go to enter . In this trade I waited for the sellers to show some strength ( volume ) and bulls to show some weakness ( wicks , variation coming to an end)