- Bearish candle close
- Bullish market structure
*Nothing against us + flat wall to the downside
- Bearish
- Bearish W + H&S
- 2x IC's on the S an D zone
- Bearish driver
- Waiting on a corrective pullback
- If we receive an impulsive pullback, I will wait for deceleration
Comment:
Limit placed:
Bearish driver 4H
Broke out of the ascending channel
H&S with IC in left shoulder
B.O.S of the smaller MS
Only downside is impulsive retracement
Bearish driver 4H
Broke out of the ascending channel
H&S with IC in left shoulder
B.O.S of the smaller MS
Only downside is impulsive retracement
Comment:
BE trade
Liquidity was found but bears were not strong enough
Price went higher to crossover IC's on the daily but bullish rejections are present
EXAMPLE: H&S was still valid after BE trade due to Bearish daily candle close. For an re-entry price should make a new 4H pattern! Don't get attached to a trade when it looks 'perfect)
Liquidity was found but bears were not strong enough
Price went higher to crossover IC's on the daily but bullish rejections are present
EXAMPLE: H&S was still valid after BE trade due to Bearish daily candle close. For an re-entry price should make a new 4H pattern! Don't get attached to a trade when it looks 'perfect)
Entry based on -27 FC that aligns with 4h S an D zone
Entry also aligned with Daily wick crossover between daily IC's