Trend: Bearish
Structure: Support and Resistance
Flag Pattern
Plan: We expect price to continue in the Flag pattern range, then break towards the downside and hit previous low.
I would expect to enter a short once price has closed outside of the bottom resistance. For now we stay out until that happens as MACD is slightly bullish along with ADX.
Structure: Support and Resistance
Flag Pattern
Plan: We expect price to continue in the Flag pattern range, then break towards the downside and hit previous low.
I would expect to enter a short once price has closed outside of the bottom resistance. For now we stay out until that happens as MACD is slightly bullish along with ADX.
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