APEUSDT The reason we’re considering this bearish trade is that, although the higher timeframe is still in an overall bullish trend, we’ve already seen a strong bearish move followed by an upward corrective leg.This structure gives us the possibility of catching the C wave of an Elliott Wave correction, which could lead to another move to the downside.
So, we’re looking for a continuation of the bearish correction rather than a reversal of the overall higher-timeframe trend.
And just to be clear, this is not a Trigger trade. It’s a Limit Order setup.
⚠️ Risk Disclaimer
This is just our market view, not financial advice.
Markets are risky, so trade carefully and manage your risk.
Dara Golbon
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.
Dara Golbon
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.