In the 15m timeframe we clearly see a bear flag after the price break the expanding wedge And the major pattern is an ascending channel that means there is a probability of trend reversal We enter in the 2nd touch of high in the bear flag and probable target in the beginning of the correction (green dashed line) Trade at your own risk guys Happy Trading!
Major Pattern: Descending Channel Buy in the 3rd Touch
Major Pattern: Expanding Channel Minor Pattern: Bull Flag Wait for the 3rd touch or double bottom setup for a long trade in the Bull Flag Grind the market guys!
In the 4h Time Frame we can see a clear Ascending Channel as out major pattern and a minor Descending Channel that can break to the upside If the reach the green dashed line there is a possibility that the pattern can be formed a Rising Wedge or Double Top and goes to the downside Because in the bigger picture we can see a potential big move to the downside
We are in the Daily chart so we can clearly see what could happen in the bigger picture Major Pattern: Descending Channel Minor Pattern: Descending Channel This 2 patterns tells us a strong indication that the price will temporary go to the upside then possible of the sell setup There is a probability that #1 or # 2 will be the movement Thank you & Happy Trading
Details in the chart Happy Trading guys
In the current price now we are still on a short term buy. But in the bigger picture we are looking for a big sell opportunity. All we need is to wait for a better setup and catch the big movements
We see a rising wedge formed in a big bear flag & 3rd touch
Major Pattern: Ascending Pattern Minor Pattern: Expanding Descending Channel
We just break the falling wedge which mean the trend reversed & looking for some buy entry
Major Pattern: Ascending Channel Minor Pattern: Bear Flag
Probable Pattern: Bear Flag Possible Pattern: Rising wedge and formation of double top
The details in the chart, simplicity is the key. Share your ideas here: