Bear Flag on $ETC
Ladies and Gents,
I'm already holding short positions from previous posts (refer to links below) but will add bigger position if the bear flag triggers.
Lower R/R at just over 1:1, but in my opinion is a high probability trade if ETC breaks below.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
I'm already holding short positions from previous posts (refer to links below) but will add bigger position if the bear flag triggers.
- The strong impulse down leg and consolidation is forming a tight bear flag pattern.
- Take profit shown at GREEN line.
- Reduced stops shown at RED line.
Lower R/R at just over 1:1, but in my opinion is a high probability trade if ETC breaks below.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Note
Trade not active until we break below.Order cancelled
Failed to break out the bottom. No trade.
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