BLNK M Pattern Short Setup
Updated
BLNK last week had a impulsive move to new 20 day highs.
Since then that move has faced recent selling order flow.
This pattern is a proprietary pattern I develop that I look for to place a trade.
According to the text book its a M top but I have made tweaks to suit me to trade this pattern at the reversal points on the chart.
If there aren't any major gaps on the open looking to trade this market short
B
Since then that move has faced recent selling order flow.
This pattern is a proprietary pattern I develop that I look for to place a trade.
According to the text book its a M top but I have made tweaks to suit me to trade this pattern at the reversal points on the chart.
If there aren't any major gaps on the open looking to trade this market short
BNote
Price is showing some downside pressure today as well as bulls filling in the gap.Unfortunately broker didn't have enough inventory so I will have to watch this from a distance
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