Swing Failure Pattern

The failure swing pattern is a type of reversal pattern that can be used as buy or sell signals. In an uptrend, we see a series of successive higher highs and higher lows but there comes a point when the price fails to make a new high. Waiting to see what the D candle looks like after closing today, I expect a spike and reverse after. To be succesful, the candle needs to close beneed the previous highest high, if not we will ssee a continuation of the trend.
As ever watch out what BTC is doing! Best is to look and find a non-correlated coin as Luna!

Sell limit order at 79, Sl +5% at 82.8

Let's find out!

Trade attivo

Sell limit hit at 78.65

Trade attivo

Candle needs to close under 78.50, 45min to go

Trade attivo

As hoped, candle close under 78.409. Now hopefully a reverse.
SL active

Trade attivo

Against the odds, a new ATH. SL not hit by a few mm. I hope things are moving in the right direction now. Lots of buy pressure. But also a lot of sell pressure. wait and see

Trade attivo

I put the trailing sl to 77.45 for a guaranteed win of 1.16% (lev x5). The more the price go's down, the more profit at the end.

Trade chiuso: stop raggiunto

Trailing SL hit at 750.82, Profit 20.96%

Filiii

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Filiii