Overall bearish bias of the index. This setup is high probability due to the confluences, namely:
1. Market Structure
2. Mass Psychology
3. 3-Touch Confirmation
4. Price is still in the process of completing a HTF structure (we are at the middle section right now)
I will go short upon the break of the LTF Head and Shoulders pattern. If a continuation pattern presents itself (e.g. bearish flag) I will scale-in.
1. Market Structure
2. Mass Psychology
3. 3-Touch Confirmation
4. Price is still in the process of completing a HTF structure (we are at the middle section right now)
I will go short upon the break of the LTF Head and Shoulders pattern. If a continuation pattern presents itself (e.g. bearish flag) I will scale-in.