Hello Everyone !
Here we have US30 on a Bearish Structure, in 4H Timeframe we see US30 has completed the correction, what we can notice here that 5 Elliot Impulse waves have come to an End by which we can easily Notice US30 seems to be failing to create a HH ( Higher High ), by which means we have the ABC pattern being set up, also we can notice there is a break on the 4H Trend and also complex HS Pattern giving us the confidence for some Short Possibilities. We will be waiting for a Engulfing Bearish Candle for our Validation.
Please be aware we are dealing with a MID-TERM / LONG-TERM Trade setup
Confirmations :
1. Elliot Impulse Waves ✓
2. Break on the 4H Trendline ✓
3. Complex HS Pattern ?
4. Lower High, instead of Higher Highs ?
Please feel free to share your Opinion on the Comments Below.
Thank you !
Stay Home & Trade Safe
Here we have US30 on a Bearish Structure, in 4H Timeframe we see US30 has completed the correction, what we can notice here that 5 Elliot Impulse waves have come to an End by which we can easily Notice US30 seems to be failing to create a HH ( Higher High ), by which means we have the ABC pattern being set up, also we can notice there is a break on the 4H Trend and also complex HS Pattern giving us the confidence for some Short Possibilities. We will be waiting for a Engulfing Bearish Candle for our Validation.
Please be aware we are dealing with a MID-TERM / LONG-TERM Trade setup
Confirmations :
1. Elliot Impulse Waves ✓
2. Break on the 4H Trendline ✓
3. Complex HS Pattern ?
4. Lower High, instead of Higher Highs ?
Please feel free to share your Opinion on the Comments Below.
Thank you !
Stay Home & Trade Safe