After an impulse, now we have a clear correction like a bear flag. I will waiting for a third touch on the top of flag with a 1H retrace candle to entry.
Characteristics: Multi touch (3); 1H retrace candle; ARC;
We can see that we have a clear larger flag. Inside larger flag we have a probable ascending channel on the top. So I will waiting to the third touch on the both lines on the top of patterns to get a short entry.
Characteristics: pattern within pattern; Multi touch (3); 1H retrace candle;
We have an incomplete Larger Flag with 2 touches. Inside this Larger Flag we have a Descending Channel with possible Triple Bottom. For a short-term I think this could be a good movement to upside, Long, and for a long-term, we have a good trade for Short (If price complete the Larger Flag with 3 touches).
Long - Descending Channel with Triple...
We have a Larger Flag with an Ascending Channel . This Larger Flag is a correction of a big impulse that happened. Conditions to open a risk entry are:
-Multi touch (3) (both);
-1H retrace candle;
-Pattern within pattern;
We had an impulse to the downside and at this moment we have forme a correction of that movement. Now we can see that we have a Larger Flag, for a risk entry to the downside:
- Waiting for a third touch;
- 1H retrace candle;