Bearish flag.
After an impulse wave, we have a retracement in the form of a flag (a pullback, given that it retraced at least to 61%. A 38% retracement or less is considered consolidation and trade set up is different).
Currently at level 61%, so we enter order, SL at 78%, TP1 can go all the way to 0%.
Let see how it goes!
After an impulse wave, we have a retracement in the form of a flag (a pullback, given that it retraced at least to 61%. A 38% retracement or less is considered consolidation and trade set up is different).
Currently at level 61%, so we enter order, SL at 78%, TP1 can go all the way to 0%.
Let see how it goes!