From the HTF we have a potential Bear Flag Continuation forming - If we are presented with any sort of Ascending Nature at the listed key Areas I will be looking for a short opportunity - The highest probable set up area would be the 3rd touch at the top of structure.
On the 1 Hour we have 2 potential areas for a sell. The Highest probable set up would be at the top of structure with any Ascending Nature - We also have the potential for a hover or a flag formation of where the current price is sitting. Target area is at the Low.
The daily shows a clear impulse down a very corrective Nature and potential impulse to the...
Option A price correctively moves to the upside slightly breaking the High and then Retracing.
Option B Price Rejects off the Double Top and drops.
I am only looking for selling opportunities due to the HTF Structure.
Price has been creating a descending Nature - I will be going long on completion of Bull Flag, first target being the previous high.
If we reject off the High especially with any ascending Nature I can see price potentialy coming to the downside creating a Double Bottom / Descending formation and going back up.
These are my set ups I am waiting for.