1. price created a double top near the premium zone
2. price moved down and broke the bullish trendline and closed below it
3. Created a new bearish trendline with multiple touches confirming that that the bullish move has ended
Entry idea:
will wait for price to pullback into the 50% zone fora limit order or alternatively wait for price to be overbought with a stochastic cross to enter at market order then exit/TP at the next available order block
2. price moved down and broke the bullish trendline and closed below it
3. Created a new bearish trendline with multiple touches confirming that that the bullish move has ended
Entry idea:
will wait for price to pullback into the 50% zone fora limit order or alternatively wait for price to be overbought with a stochastic cross to enter at market order then exit/TP at the next available order block
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.