MATICUSD Bearish Structure Again

Feb 14, 2023

MATIC Bulls do not want to see this H&S at a Double Top Fail out of the Bearish up channel.

Feb 17, 2023

Note

The structure never broke trade never triggered still bearish looking.

Feb 21, 2023

Note

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.

Feb 25, 2023

Note

Matic is about to Trigger a short.

Mar 1, 2023

Note

Short Triggered as expected.


Now apply proper risk management

Mar 1, 2023

Note

A right should could form here. Still bearish.

Mar 3, 2023

Note

KABOOM!

Mar 4, 2023

Note

Matic New Lows as expected.

Mar 7, 2023

Note

A better-defined right shoulder would not be unreasonable.

Mar 26, 2023

Note

Matic has now formed a more solid right shoulder.

May 7, 2023

Note

Matic has had no correction since my short call. In fact, it is even lower.
Bad JUJU!

May 8, 2023

Note

MATIC new lows.

May 9, 2023

Note

New lows!

May 10, 2023

Note

New lows again.

May 17, 2023

Note

Matic is forming a small bear flag

May 18, 2023

Note

Matic nose diving as expected.

Jun 8, 2023

Note

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

Jun 24, 2023

Note

Yet another bearish setup in MATIC. Wait for a trigger.

Jun 26, 2023

Note

As expected MATIC is now at a key area

Jun 29, 2023

Note

BINGO!

Another Great Call! ;)