There is a ready to trade formation for you!
The price is slightly falling on a bigger frame.
It could be a good signal for bear-traders.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
However do not rush the trade and look for breakout.
There was a bearish fakeour already.
Follow the chart...
CHFDKK on the weekly chart has been inside a channel for the whole uptrend.
Lately the market has lost the positive momentum and price broke the daily structure in blue and test twice the weekly structure in red.
If the market will manage to break below the weekly structure we can set a nice short order according with our strategy.
Follow the Shrimp 🦐
CHFDKK potential short, graph moving up in a ascending triangle pattern. Candle got rejected at 6.062 resistance currently forming a bearish doji candle. Depending on today’s day candle close, if the bears continue to push it down, it is possible to enter into short position target at the next support area.