Ascending triangle into this resistance zone. If we have some solid bullish candles closing above this zone, look to enter long (if the triangle breaks, start looking for potential shorts instead).
Stop loss should be below the zone in case we have a little pullback/wicks to the downside.
First take profit is at daily resistance (2460), then next target is...
Entry: bear flag forming on 4hr and daily, could be potential double top. enter now or wait for break in flag.
Exits: exit trade at bottom of flag
Timing: bear flag has been forming for a few days could take the same time to form and drop.
MATIC has commenced EW and now looking to retrace to 4 prior to moving to 5.
Looking for scaled entries around the 0.5 and 0.618 on fibs from the retrace.
Looking for a conservative exit point for the first 2 positions and then hope to let the final position ride to see how far it goes and controlled by a stop loss.
MATIC has conformed well to EW previously.
