I would like to scrap my previous idea of 4050 short because after further research, I concluded that price has a chance to go to 4100. I will enter a limit order at 4090 with my stop at 4127. I will target 3 full range expansions towards the triangle bottom.
Checklist for short trade:
Bearish rising wedge
Break down of the market
Spike and channel
Flat 200sma
Pullback into golden pocket
MACD Curling over at extremes
By the looks of it, NON FARM PAYROLL on March 10th could be the catalyst to dump the market.
This set up is a mirror image of September 10th-13th
Below I will share the exact similarities.
Checklist for short trade:
Bearish rising wedge
Break down of the market
Spike and channel
Flat 200sma
Pullback into golden pocket
MACD Curling over at extremes
By the looks of it, NON FARM PAYROLL on March 10th could be the catalyst to dump the market.
This set up is a mirror image of September 10th-13th
Below I will share the exact similarities.
Komentarz:
Of course, here is the end result of that fakeout dump sell. A nice sell off of about 20 days. That is what I am trying to achieve.
Notice the Rising wedge, followed by the breakdown with the grinding lower of prices then the rally back up into the flat 200sma. Price peek a bood over the flat 200sma.
Notice the 21ema curling up and the channel breaking.
Notice the MACD triple bullish divergence with momentum crossing over the zero line.