A shorting opportunity is starting to form at BTCUSDT.
Markets move in a structured way. In this case we can see a retracement, impulse, retracement and an impulse, which together create a neckline. After such an impulse we can expect the market to test the neckline. So we want to see the market move down to at least the blue box.
Of course we can't just take a short. We will be waiting for all the checkboxes of our strategy to be checked before we can take our position and get into a 3R trade.
Markets move in a structured way. In this case we can see a retracement, impulse, retracement and an impulse, which together create a neckline. After such an impulse we can expect the market to test the neckline. So we want to see the market move down to at least the blue box.
Of course we can't just take a short. We will be waiting for all the checkboxes of our strategy to be checked before we can take our position and get into a 3R trade.
Order cancelled
setup checked one of the invalidation rules of the strategy and therefore isn't valid anymore.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.