Structure Based Short Trade

Dec 12, 2017

I have been experimenting with harmonic pattern analysis for my last few ideas, but this sort of analysis just feels more natural for me. However, it's harder for me to write down a set of rules for these trades so that I can make these plays consistently. In this idea, we are looking at a potential short trade depending on how price behaves in the decision zone. If we break and close below it, then we are looking at a short. If we bounce, then we have a double bottom that we can make a play on.