Risk Reward 3.21
Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern
Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for example and shorts away
Each top of triple top is moolah type, lower high simultaneously indicating downtrend confirming momentum bias like we get from candle stick analysis
another confluence is the large increase of momentum on the 4h bearish engulfing bar
Coming off a Triple Top (Blue) on higher tf (as seen on 4h), Smaller tf (look 1h) a double top (orange), Daily candle FTR pattern, 4h Inside bar Bull fake out pattern
Momentum is down, accelerating faster pushing to break the zone, wait for clean break, retest of resistance which used to be support, candle stick signal like an engulfing for example and shorts away
Each top of triple top is moolah type, lower high simultaneously indicating downtrend confirming momentum bias like we get from candle stick analysis
another confluence is the large increase of momentum on the 4h bearish engulfing bar