Ben watching this Bearish Flag take shape and as it stand sits currently bouncing inside this channel.
If we are looking at possible places to enter I would be looking at either a break down below the trend line on the higher time frames or a possible rise up to the 618 area and then look for bearish structure to go short.
As it stands I called it wrong and the price has continued to rise, however we are now lookign at teh oversold area of the RSI but It could bounce around for a few more days / week before a confirmed change in trend
If we are looking at possible places to enter I would be looking at either a break down below the trend line on the higher time frames or a possible rise up to the 618 area and then look for bearish structure to go short.
As it stands I called it wrong and the price has continued to rise, however we are now lookign at teh oversold area of the RSI but It could bounce around for a few more days / week before a confirmed change in trend
Commentaire:
Hit the 618 retacement so order filled and now short