CLSK - not yet….
It does seem like that is a bear flag formation and that we are in wave C corrective.
There is also a line of stop losses which looks like a plausible reason for the market to run through those stop losses under each low.
The market has also failed to break above resistance so far and it would therefore be risky going long now as we are in the middle of a range with no clear sign of wave C having been completed.
I therefore think it is best to sit on the sidelines and see if the market moves according to the plan.
The trade is 1:33 targeting 53.86.
Trading rating 7/10
Chance of success if it moves as shown to entry 6/10
Risk to reward 8/10
There is also a line of stop losses which looks like a plausible reason for the market to run through those stop losses under each low.
The market has also failed to break above resistance so far and it would therefore be risky going long now as we are in the middle of a range with no clear sign of wave C having been completed.
I therefore think it is best to sit on the sidelines and see if the market moves according to the plan.
The trade is 1:33 targeting 53.86.
Trading rating 7/10
Chance of success if it moves as shown to entry 6/10
Risk to reward 8/10
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