Fake break? or bear run all the way?
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Option1:
Yellow arrows is if the break of the descending fails then the market movers are going to 'bull trap' more positions for more liquidity down...
(This option is good for scalpers to buy at this area)
Option2:
Red arrow is the final break confirmed as we have enough liquidity to break through the support zone and test the swapping S/R level...
(This option is for those who shorted a swing position, they should take profits down the road)
* Notice the fib' retracement levels, the wicks can go and test these levels, if we can't hold the swapping S/R level, then we go below the fib' level which will result in a very bearish market!...
* The red arrows are at the size of the beginning of the descending triangles from top to bottom (Usually triangles such as symmetrical/descending/ascending are breaking and moving with enough liquidity that fits the size of their entrance)...
Yellow arrows is if the break of the descending fails then the market movers are going to 'bull trap' more positions for more liquidity down...
(This option is good for scalpers to buy at this area)
Option2:
Red arrow is the final break confirmed as we have enough liquidity to break through the support zone and test the swapping S/R level...
(This option is for those who shorted a swing position, they should take profits down the road)
* Notice the fib' retracement levels, the wicks can go and test these levels, if we can't hold the swapping S/R level, then we go below the fib' level which will result in a very bearish market!...
* The red arrows are at the size of the beginning of the descending triangles from top to bottom (Usually triangles such as symmetrical/descending/ascending are breaking and moving with enough liquidity that fits the size of their entrance)...
Note
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