Currently its making an small triangle pattern , and brake of it can lead to down ward move same distance it has traveled in the previous drop form its immediate peak
This price movement can form an identifiable pattern called Expanding flat ( Irregular flat as per Elliott theory )
I know one person is copying my chart and trying to prove himself as Good analyst , but Guess what he can copy my chart but do not have an ability to give logical explanation , that itself is clear indicate empty vassal makes noise
Lets come to trading , One can look for trading set up for short selling , now set up means it completely involves individual risk and method of trading principal for me its completely different , so trade with care ,
This price movement can form an identifiable pattern called Expanding flat ( Irregular flat as per Elliott theory )
I know one person is copying my chart and trying to prove himself as Good analyst , but Guess what he can copy my chart but do not have an ability to give logical explanation , that itself is clear indicate empty vassal makes noise
Lets come to trading , One can look for trading set up for short selling , now set up means it completely involves individual risk and method of trading principal for me its completely different , so trade with care ,
Trade active:
Look for short selling on 1 Hour Reversal candle , they pushed the price high in order fill the new orders but they are unable to move up , visually it created pattern in side small abc and now it will high likely head down ,
Look for set up
Look for set up
if you are in the trade put the stop to cost , and let the trade run ,