Interesting Constellation: DoubleTop&Bearish wedge vs. Breakout
Interesting playground for shorties: Fixing the present Level has a very nice Chance-risk-Ratio with a stopp near above todays top (for example 10.700)
The Patient cyclical Trader would prefer the BO.
The longterm buying-Trigger is still 10.800!
The Patient cyclical Trader would prefer the BO.
The longterm buying-Trigger is still 10.800!
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wedge triggered
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ok ok - understood!
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In the hourly Chart NOTHING happened! A nice buying-candle appears!
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Have we seen a false breakout / beartrap?
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buying candle! oh yes!
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No more danger of the wedge, no more danger of the possible double top! now 10.800 can be aimed!
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oh oh...now an ugly selling candle????
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and here is the BO!
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Time to short it (scalp)?
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next flag ?
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?
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wedge triggered..
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~ 10.800 is still THE LEVEl TO WATCH for further Longs