As you can see about finishing Bearish Impulse Waves, about to enter a reversal area then expecting a retracement before continuation down trend.
Just the impulse waves alone is a reason why I couldn't enter to go for a long entry, if this was a long situation, those impulses should be up trending, not down trending.
Those looking to go long position, the one pattern I'm looking for is a Triangle Pattern A-B-C-D-E, that follows with the stochastics in sync with a convergence pattern, which I personally have not seen one yet.
So for the time being, I am Short bias.
Happy Hunting.
Just the impulse waves alone is a reason why I couldn't enter to go for a long entry, if this was a long situation, those impulses should be up trending, not down trending.
Those looking to go long position, the one pattern I'm looking for is a Triangle Pattern A-B-C-D-E, that follows with the stochastics in sync with a convergence pattern, which I personally have not seen one yet.
So for the time being, I am Short bias.
Happy Hunting.
Note
Looking to London open for a short position, right now I'd leave the market alone for now, save you $$$ for when it really counts
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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.