Algorithm short signal with very favourable R:R
Price entry at 618 retracement, bearish flag pattern to downside, when break of flag and retest, possible scale in (add size to position), 3rd wave failing to break new highs putting in a head and shoulders pattern. ABC patter for targets, also lines up with 1 ATR TP target on larger time frame.
Price entry at 618 retracement, bearish flag pattern to downside, when break of flag and retest, possible scale in (add size to position), 3rd wave failing to break new highs putting in a head and shoulders pattern. ABC patter for targets, also lines up with 1 ATR TP target on larger time frame.