Bearish momentum break of trend line
LL created
Waiting for a pull back to the 50 - 61.8 % fib level
Pros
- we have daily Bearish
- Key Resistance level
- Fresh trend change
Cons
- We still need to wait for pull back to present a good entry.
For Entry,
- Looking for bearish price action e.g
momentum loss, pull back trend line break, bearish engulfing,
lower timeframe change of structure
LL created
Waiting for a pull back to the 50 - 61.8 % fib level
Pros
- we have daily Bearish
- Key Resistance level
- Fresh trend change
Cons
- We still need to wait for pull back to present a good entry.
For Entry,
- Looking for bearish price action e.g
momentum loss, pull back trend line break, bearish engulfing,
lower timeframe change of structure
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.
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.