A Powerful Bearish TOTAL (1.618/*/1.618/4.236) pattern spotted in the NZDCAD 15-mins timeframe price structure right now (with a nice developed bearish-flag - breaking-down).
A Strong Short in my book.
Signs from the other indicators:
- Ichimoku has crossed-over (but is only still considered slightly bearish & is also still somewhat neutral) But do note that the 26-Period (Yellow) is already turning-downwards (which always certainly means a bearish price-action move to follow!)
- The AO is still indicating only weak-bearishness.
- The MACD is already bearish (but certainly not a strong one).
But I will still not hesitate to Short this nonetheless.
A Strong Short in my book.
Signs from the other indicators:
- Ichimoku has crossed-over (but is only still considered slightly bearish & is also still somewhat neutral) But do note that the 26-Period (Yellow) is already turning-downwards (which always certainly means a bearish price-action move to follow!)
- The AO is still indicating only weak-bearishness.
- The MACD is already bearish (but certainly not a strong one).
But I will still not hesitate to Short this nonetheless.