We have been in uptrend, the market needs a more solid formation, in my opinion, it can go down to mark a solid structure and go up again.
I also see a M pattern, it needs to break the neck, potential 100-150 points, if it keeps going with volumen and solid lower candles we may see more profits.
Waiting on the 1HR candle to close with solid volume and structure to have better confirmation.
✅ 1H confirmation
A strong bearish close below your entry line
Preferably below EMA 20 / 50
✅ Structure shift
Break of the last 1H Higher Low
This confirms trend weakening
✅ Momentum alignment
RSI loses 50 and stays below
MACD expands bearish (not flat)
If this does not happen → NO TRADE
Do not risk more than 1% of your account.
Happy Friday Yall!
Comment your thoughts!
I also see a M pattern, it needs to break the neck, potential 100-150 points, if it keeps going with volumen and solid lower candles we may see more profits.
Waiting on the 1HR candle to close with solid volume and structure to have better confirmation.
✅ 1H confirmation
A strong bearish close below your entry line
Preferably below EMA 20 / 50
✅ Structure shift
Break of the last 1H Higher Low
This confirms trend weakening
✅ Momentum alignment
RSI loses 50 and stays below
MACD expands bearish (not flat)
If this does not happen → NO TRADE
Do not risk more than 1% of your account.
Happy Friday Yall!
Comment your thoughts!
Note
TP Smashed!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.