FSTE set for further downside? ⬇⬇
HTF - still looking at the heavy bearish move from previous weeks, since then price has been in one large correction signalling more downside likely |
LTF - separating the patterns to see a completed 3 touch ascending wedge followed by a larger bear flag. Clean middle section to flag and ascending channel is forming, hinting at pattern completion |
ENTRY - this is more ambitious due to the overall corrective nature. So I will be waiting for internal highs to break followed by a signal from the market in the form of a bearish impulse from top of the pattern. Only once I see a flag, will I be eyeing a short entry.
LTF - separating the patterns to see a completed 3 touch ascending wedge followed by a larger bear flag. Clean middle section to flag and ascending channel is forming, hinting at pattern completion |
ENTRY - this is more ambitious due to the overall corrective nature. So I will be waiting for internal highs to break followed by a signal from the market in the form of a bearish impulse from top of the pattern. Only once I see a flag, will I be eyeing a short entry.
Note
Still looking at this for a sell after evolving the structure to an overall ascending wedge. Price has broken highs and now correctively approaching upper trendline for a 3 touch pattern completion. I'll be waiting for a solid rejection for an entry at top of structure or a bearish impulse and first flag. Potential for 2 entries
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.