AUDNZD - SHORT - BRSH RECT - WK08CH19
Status: PROFIT $ 193
Using Dow Theory I identified that Market in an early Bearish Trend making series of LHs & LLs. Possibility of continuation of Bearish Trend due to breakout of Bearish Rectangle continuation Pattern.
Confluence Points:
1) Bearish Rectangle Pattern Breakout (A Continuation Pattern)
2) Multiple Strong Bearish Candles At Breakout
3) Series of LLs & LHs
4) 3 Black Crows
5) Support Level Broken
Thank You!
Using Dow Theory I identified that Market in an early Bearish Trend making series of LHs & LLs. Possibility of continuation of Bearish Trend due to breakout of Bearish Rectangle continuation Pattern.
Confluence Points:
1) Bearish Rectangle Pattern Breakout (A Continuation Pattern)
2) Multiple Strong Bearish Candles At Breakout
3) Series of LLs & LHs
4) 3 Black Crows
5) Support Level Broken
Thank You!