I marked up this Bearish flag pattern on the Hourly time frame. My EMA and Alligator Lip crossed on the daily time frame signaling a sell coming. Tp's are based off of areas of past liquidity on the daily time frame also. which indeed hold true on the hourly. Breakout is when I will myself go in for the sell. I will trail my stop loss on the hourly time frame....
There at the Golden retracement level, you can clearly see how price respects that area. As price enters down tend, you can eye ball where target points will occur for profit as the price falls out the sky
