Hi Traders, for those who trade on the weekly timeframes here is an opportunity for a shorting position. I dont trade weekly its not in my rules. Just thought to get this posted, something to keep on the radar. Its also a good opportunity if price action reaches this level there may be an opportunity in the lower time frames to get in and short.
Always good to perform a top down analysis. Entries Stops and Targets on screen.
We still havent gone past the B Leg, this pattern will be invalid if price action moves beyond our X leg or closes beyond 1.414 Fib Ext from our XA which is our C leg.
Enjoy and happy trading
Always good to perform a top down analysis. Entries Stops and Targets on screen.
We still havent gone past the B Leg, this pattern will be invalid if price action moves beyond our X leg or closes beyond 1.414 Fib Ext from our XA which is our C leg.
Enjoy and happy trading