juicycactuz

juicycactuz

After the recent Impulse downwards, price has started to consolidate. If price retraces to the previous structure level, it presents a beautiful shortening opportunity. Additionally, it lines up with 0.786 fib retracement which adds some nice confluence.

juicycactuz

The recent impulsive move went to the upside. After that a flag pattern was formed. Most Traders would think that after the pattern was broken, they should go long. However, on the daily chart, the trend has been bearish for a long period of time. I have drawn a a resistance line which clearly has rejected the price. Most likely this flag pattern will develop into...

juicycactuz

Bullish Trend is getting weak. Length of each Impulse has been shorter. On top of that, a rising wedge has been formed. Shorting Opportunity. Suggestion: Wait for a breakout to the downside and enter after the retest. SL/TP can be taken from the chart.