Just posting my chart. Actually sniffed out the short op on 1/26 with some basic trendlines/triangle pattern charting. Went short that night before bed, got stopped out at 00:45 on 1/27 with a small profit, but woke up to a hell of a drop, sucks! Whatever.
Called out some short targets from other triangles/channels. All got hit.
We ended up wicking down to the (yellow) long term "covid" trendline which has presented huge buy ops in the past, but we needed a 4h candle close down in that range so I held out for a few 4h candles before going short again. As expected, we got the 4h close at our yellow trendline which cleared us for takeoff. I do think we see ATH from here. This is a great lesson on wicks and candle closes.
I really like to draw patterns using line chart only. Wicks are fun but are not to be trusted.
Called out some short targets from other triangles/channels. All got hit.
We ended up wicking down to the (yellow) long term "covid" trendline which has presented huge buy ops in the past, but we needed a 4h candle close down in that range so I held out for a few 4h candles before going short again. As expected, we got the 4h close at our yellow trendline which cleared us for takeoff. I do think we see ATH from here. This is a great lesson on wicks and candle closes.
I really like to draw patterns using line chart only. Wicks are fun but are not to be trusted.