Trading waves inside the Bearish Wedge, Part 2

13 dic 2018

In my previous analysis, i posted a possible bear flag trade. I have change my mind on this now since the movement of the past days is starting to look like a bullish wedge now. My trade did not even get active, even though it followed the blue line quite well, but i did not like that squeeze up earlier this week. Because the bigger picture suggest a drop is more likely, there is room for another move up. So i am going to wait and see how things go before i enter this trade. If we drop to the lowest point and find support, i will simply just take it on because the RR would be amazing. But if we move like the other blue line, making a higher low, i will simply wait and see how things go first.




Previous analysis: