1. Pinbar price was trying to go up very hard but at the close of the candle, the price went back. 2. Doji price decides not to make a decision 3. Large red Doji, price break previous candle 4. Pinbar again, price rebound to go up for swing high 5. large red breakout of the range. = INSIDE BAR FALSE BREAKOUT
Major trend: DOWN TREND Position trade: will gradually add more short position when the price makes a lower low and rebound for a lower high STOPLOSS : above the current candle Exit position: first week of January or getting stop loss
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.