What i see coming up for this chart is sells.
Here is why?
The market has been in a continuation for the longest time(ovel shape represents correction) and know the market nature after a correction comes an implusive phase. And in this case it's to the downside.
And that is what I'm forecasting.
What confirms my set up?
The market gave a double top within the flag. Instead on a third touch.
Right after the double top formation it impulses down and a correction,on the lower time frame happened and i entered on the breakout of that correction.
The target's are indicated with location call out points.
What else am i forecasting on this chart?
The market would move up to get the third touch if it does i will lock profits and get ready to take those sells at the right level (third touch).
I'm planning to also scale in .with every correction. On the lower time frames (4 hour etc).
Use proper risk management.
Please share your thoughts on this post.
Lets do the most.🔥🤙
Here is why?
The market has been in a continuation for the longest time(ovel shape represents correction) and know the market nature after a correction comes an implusive phase. And in this case it's to the downside.
And that is what I'm forecasting.
What confirms my set up?
The market gave a double top within the flag. Instead on a third touch.
Right after the double top formation it impulses down and a correction,on the lower time frame happened and i entered on the breakout of that correction.
The target's are indicated with location call out points.
What else am i forecasting on this chart?
The market would move up to get the third touch if it does i will lock profits and get ready to take those sells at the right level (third touch).
I'm planning to also scale in .with every correction. On the lower time frames (4 hour etc).
Use proper risk management.
Please share your thoughts on this post.
Lets do the most.🔥🤙