After a corrective period for the last few weeks, price stayed within the descending channel in a ascending pattern. Typical "Pattern within a Pattern" which is an edge we use.
Price moved off key area at top of a corrective structure.
Currently in a tight bear flag correction, eyeing out for a continuation after the first impulse. Hourly and 4HR has solid bearish close.
First inflection area is 3%, 30 pip stop loss with SL being aloe the correction area. The drawn in lines are potential forecasted ways that price can react off the trend line.
Staying patient with a set entry and moving along. What do you guys think?
Have a great rest of the week and productive weekend traders! Aloha
Price moved off key area at top of a corrective structure.
Currently in a tight bear flag correction, eyeing out for a continuation after the first impulse. Hourly and 4HR has solid bearish close.
First inflection area is 3%, 30 pip stop loss with SL being aloe the correction area. The drawn in lines are potential forecasted ways that price can react off the trend line.
Staying patient with a set entry and moving along. What do you guys think?
Have a great rest of the week and productive weekend traders! Aloha
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