Short

Updated

Bear Flag

|O.o|

Trade active

Short Entry: 9538
Stop Loss: 9844
Target: 8574
R:R 3.15

Note

Hourly BB bands tight = low volatility + low volume = potential "quiet before the storm"
Sitting below order block (if I'm using that term correctly; red rectangle).
BB band midline yet to cross through 0.33 fib speed fan (red line)
POC = Point Of Control, price with the highest trade volume

Note

Longer term fib speed fan (red line = 0.382)

Note

Flags should form at a slight angle against the prevailing trend, as is the case here

The probability of continuation is about 80%
i.gyazo.com/6c8fdb99461623700ee89aa5eeb96096.png

Note

20 minutes to the 55th Fib Time Zone since the drop

Note

~3Hrs to breakdown

Note

Flag breakdown

Note

This is a bit out there but just for fun. I noticed two different waves in the pattern, one high amplitude, he other low. When extended as sine waves they both peak at the current time. I think the next 15 hours (1/2 wavelength of larger wave) could be very bearish

Note

Trade closed: stop reached

Good forecast, bad trade strategy

OrigamiOracle

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