Here are few points i am looking for this trade
1.Btcoin showing us clear fake out signal (after a Strong break out and closed back down)
2.Break though up trend swing high and start to become new resistant
3.FLag pattern is formed and consolidtae show us weakness (below 0.328 FIb and holding that resistant )
4.We need to see strong momentum bear bar break down and showing us selling is really taking control (Entry break down bar )
5. Great risk and reward (After a crazy up trend )
6.Target Measure the length of the Complete flag pattern (include the breakout bar )times 2 or 3 as you want
1.Btcoin showing us clear fake out signal (after a Strong break out and closed back down)
2.Break though up trend swing high and start to become new resistant
3.FLag pattern is formed and consolidtae show us weakness (below 0.328 FIb and holding that resistant )
4.We need to see strong momentum bear bar break down and showing us selling is really taking control (Entry break down bar )
5. Great risk and reward (After a crazy up trend )
6.Target Measure the length of the Complete flag pattern (include the breakout bar )times 2 or 3 as you want