Trade Idea on "EURSEK" Short Setup by ThinkingAntsOk
Main items we can see on the 4HS chart:
a)Price has broken a major descending channel
b)After the breakout, the price made a Flag Pattern
c)Flag patterns are considered continuation structures
d)Using Elliott Wave Theory we can deduce that a 5th wave still remaining
Based on that if price breaks down the Flag pattern with close candlesticks we expect a continuation of the bearish movement towards the First fibo level as 1ts Target, and the second fibo level as the second target.
Daily View:
a)Price has broken a major descending channel
b)After the breakout, the price made a Flag Pattern
c)Flag patterns are considered continuation structures
d)Using Elliott Wave Theory we can deduce that a 5th wave still remaining
Based on that if price breaks down the Flag pattern with close candlesticks we expect a continuation of the bearish movement towards the First fibo level as 1ts Target, and the second fibo level as the second target.
Daily View:
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.