Keep it plain, simple and minimize the noise!
Here we have a bear flag, or what some people where viewing as an "Ascending Triangle".
It doesn't matter which pattern it really was, as all patterns have the probability to go both ways.
We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices.
The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts..
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
I have also linked an idea to this, that I think is good to keep an eye on.
Comment your ideas down below :)
Here we have a bear flag, or what some people where viewing as an "Ascending Triangle".
It doesn't matter which pattern it really was, as all patterns have the probability to go both ways.
We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices.
The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts..
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
I have also linked an idea to this, that I think is good to keep an eye on.
Comment your ideas down below :)
