Let it prove it wants to go down with price action and confirming indicators.
💱 Cumulative Strategy - https://minimalisttrading.com/trading-strategy ⬅ NEW!
📈 Trading Indicators – https://minimalisttrading.com/trading-indicators
I have an alternative to the upside, obviously only confirmation either side will sell, the Channel trend-line is part of the confirmation but not all
We are about to hit 618 of the large bearish pattern.
this is is confluence with the 1618 of a Bullish crab formed.
Also coming inline with support at channel Trend-line.
We have a support on the 240 but nothing much on the daily so I'd be cautious if it bounces
Consolidations could extend forever... that's why I'm only interested in breakouts with confirming indicators.