I do like the look of this! Channel is coming up to completion, lower time frame shows price is squeezing right now can we get the third touch of the channel!
However, you can see 3 double tops near by, where price could fake out and come back into structure where we would then be waiting to sell this back down, or if feeling risky get in on the third touch of the channel with SL covering the DT.
This could continue to ride all the way down, as showing HNS pattern on daily, but also as outer channel is finishing, high possibility for greater sells.
Unless we see it go to the moon we will change bias for now we are bearish
However, you can see 3 double tops near by, where price could fake out and come back into structure where we would then be waiting to sell this back down, or if feeling risky get in on the third touch of the channel with SL covering the DT.
This could continue to ride all the way down, as showing HNS pattern on daily, but also as outer channel is finishing, high possibility for greater sells.
Unless we see it go to the moon we will change bias for now we are bearish
Comment:
Adjusted trend lines, nice correction channel formed, again aiming for the top of channel for sells, but may fake outs if so enter when back in structure looking even better now, question is can we make it back up for the third touch or does it go early! if early stay patient and wait for pull back or correction plenty space to downside for this one!
Comment:
Moving nicely, go bears!
Moving nicely, go bears!