This Potential Short play is developing beautifully, I took a 1% loss this past week on a risk entry on this but I guess Price was not ready for the drop yet. Now I'll be waiting for the Correction after the breakout for the entry which will also act as our confirmation of the Short bias. Currently our Right shoulder is in the form of an Ascending wedge which is a...
We have what looks like a HTF Bearish Continuation correction which is not yet complete as we're still within. Our focus is on the Ascending Structure within from which it looks we just broke out. We have a LTF correction after the breakout which will be our entry to carry Price to the downside.
Price as been corrective for some time now, we're approaching a potential Double Top area, we'll be looking for the LTF correction after the breakout as our confirmation and entry.
We didn't get our confirmation entry this week but it's okay as we're approaching our swing high area correctively which increases our short probability, so nothing really changed.
Looks like we're in a HTF bearish continuation correction and within that we have another bearish continuation correction which is where our focus will be. Looking for the LTF correction after the breakout for the entry on this.
THE HTF structure is ascending in nature, however within we have a descending like structure it can also be seen like a Continuation correction to keep the momentum to the upside before the HTF reversal play comes into effect. Within the Descending structure we have another descending channel, to enter this play, I'll look for the LTF correction after the...
