Predicting that the market will reverse RIGHT THERE.

26 lis 2020

... from multiple converging trendlines and exhaustion of the move up.
The break of the rising wedge will likely be down, beacause :

• The wedge is very tight, reinforcing it's efficacity as a pattern (more people will be seing it).
  
• It has reached a major resistance trendline from the higher timeframe, where it has rejected it in the past very well.
  

Placing my limit order above to take advantage of the future manipulation that is likely to take place in that area specifically.
3.3RR

Here is the longterm trendline that I was taking about (in red) dating back to 2016 :
everitime it touched this trendline, price has been rejected heavily with AGRESSIVENESS, more than any other areas...


And here is a clearer picture of the blue 4h trendline :

1 gru 2020

Uwaga

Could still be seeing a reversal here:

7 gru 2020

Zlecenie aktywne

Ok now is the time to short... we had to be patient on this on to form the sell pattern:

7 gru 2020

Uwaga

Here is a better picture on the weekly:

9 gru 2020

Uwaga

Selling agression getting stronger than buying agression:

13 gru 2020

Zlecenie aktywne

Now is the perfect reentry if you missed if before

I entered there earlier