Swissy Short On Daily Chart

We are in a retracement of a bearish trend on the weekly (more in next post)
This is what I see in the chart: a short setup consisting of a trend channel line overshoot, 3 pushes, wedge confirmed by a triggered bear trend i-Bar. All this happened after a trendline break and the whole bull that can be seen in the chart above is likely just a bull flag in the strong weekly bear. The start of the bull channel above is a conservative target, where an aggressive target could be at the above chart's lowest low, which is the next low to be broken if the weekly trend continues.

Komentar:

The i-bar is a Sunday bar. I think this should be noted as this may make the signal weaker.

Remember, no trading advice in here or in any of my content.