0. Distribution
1. Sharp drop
2. Broadening wedge (accumulation)
3. Uptrust
4. Consolidation sideways (currently) or wedge
5. Sharp pull back to a trend line
6. Uptrust to previous high
7. Continue descend
1. Sharp drop
2. Broadening wedge (accumulation)
3. Uptrust
4. Consolidation sideways (currently) or wedge
5. Sharp pull back to a trend line
6. Uptrust to previous high
7. Continue descend
Commento:
For this trade i will wait for the sharp drop and enter long on a trendline support with divergence on the lower time frames, with a stoploss below the trendline.
Trade attivo:
Started with opening my short term long position.
Commento:
There could be another shake out to below.