It's obvious we are downtrending today.
The purple zone - There were retail buyers going against bank sell orders in this purple zone, I'm looking for price to bounce off this zone and continue it's decent downward to attack more stop losses at the green line.
Entry Trigger - 5min bearish shark pattern completing in zone + reverse bearish deep crab
The purple zone - There were retail buyers going against bank sell orders in this purple zone, I'm looking for price to bounce off this zone and continue it's decent downward to attack more stop losses at the green line.
Entry Trigger - 5min bearish shark pattern completing in zone + reverse bearish deep crab
Note
Shark I'm looking for - Note
Reverse bearish crab I'm looking for. it would complete at the same spot as the shark. (this is the reciprocal of a normal deep crab, it helps it trending markets)I've noticed it always looks like a double bottom, it's like the banks create a double bottom with this algorithm.....I sell into the bottom
Note
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
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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.