Short
Zaktualizowano

MATICUSD Bearish Structure Again

2792
MATIC Bulls do not want to see this H&S at a Double Top Fail out of the Bearish up channel.
Uwaga
The structure never broke trade never triggered still bearish looking.
Uwaga
While the initial short setup to did not trigger, choosing to take out stops above attracting bull suckers only to dump it on them too, the short setup is still there on a break of structure.

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Uwaga
Matic is about to Trigger a short.

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Uwaga
Short Triggered as expected.


Now apply proper risk management
Uwaga
A right should could form here. Still bearish.

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Uwaga
KABOOM!
Uwaga
Matic New Lows as expected.

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Uwaga
A better-defined right shoulder would not be unreasonable.

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Uwaga
Matic has now formed a more solid right shoulder.

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Uwaga
Matic has had no correction since my short call. In fact, it is even lower.
Bad JUJU!
Uwaga
MATIC new lows.
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Uwaga
New lows!
Uwaga
New lows again.
Uwaga
Matic is forming a small bear flag

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Uwaga
Matic nose diving as expected.

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Uwaga
After posting the bearish flag MATIC did collapse as expected. Now trading 0.78 as the carnage continues.

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Uwaga
Yet another bearish setup in MATIC. Wait for a trigger.
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Uwaga
As expected MATIC is now at a key area

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Uwaga
BINGO!

Another Great Call! ;)

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