Matt-The-Trading-Cartel

Matt-The-Trading-Cartel

Clear pattern setting up with big downside potential. This last move up inside the pattern has been rather impulsive so will be looking for a reversal set up on the lower time frames in the key area.

Matt-The-Trading-Cartel Updated 

Price is approaching a key value area. We have a 3 touch trend line coming down from the main channel as well as a mini ascending channel that has formed at the end of the bigger ascending price structure. Will be looking at how price reacts to the top of the mini channel on the 1hr chart looking for a rejection off the mini ascending channel as the entry.