Are we in 'downtrend D1's correction' or 'uptrend 4H correction' We will see. D1 is bigger than 4h. so we are using trailing SL. but also 4h can be reversal impulse. we will see.
Use trailing SL, Cover impulse+correction+impulse reactions
After fail of new higher-high. we are looking shortside move
Waitin break and close below
Waiting Break and close below that blue zone. with that we are looking go short side. Nice risk-reward
We aim to complete the grand channel-grand triangle. With the closing below the blue zone, there will be a downward trading opportunity.
After break and close below blue zone, looking for short entry
we are looking break and close below that blue zone. For right entry, checkout 15 minute timeframe
Price doing Big Descending Channel We are Looking Sell with breakout
Looking Go Downside
Check lower time frames for good Sell entry. Long Wick can be 'fake breakout' for bulls. Ascending Channel, Daily Support Can Be Resistance 0.618 Golden Ratio Of Last Wave - Last Swing - Last High Also There is Daily Engulfing Candle
with MA200 and Engulfing Can it going short.
Looking Support-Resistance and Trendline
After Break trendline, we are looking 'sell' enter