Broke Uptrend Trendline for a Bearish Position
Bearish Pattern Flag building
Hit Fibo Line
Hit Pitchfork Line
Waiting To See If Price Holds or Breaks
The Trendline. If we see a downtrend
hit and it does break through then it
is a sell. (Currently Retesting)
Hello This Is For Educational Purposes Only.
Using current pitchfork and past pitchfork to set up a trade entry with the upward "bullish" trendline, XABCD Pattern, and Wave Pattern. Looking at about 70+ entry sell price.
Let me know your thoughts.
Three confirmations, Black is the Trendline. Blue Pitchfork is the Previous setup. And the Green Pitchfork would have been considered the current pitchfork. As we see the three confirmations intersect each other. We see the bearish red wicks hitting the parallel lines.