a 4hr or a daily candle close below A may indicate a short -
The take profit would be
1- 0.5 of A--> C pattern since the market sentiment seems to be turning bullish at least for the next little bit
2- 0.618 of A-->C pattern as the standard retracement
3- 0.786 of A-->C pattern as the Swing failure pattern of the B as zone of high liquidity for whale trading
4- 1 of A-->C to set a lower low (way less likely unless we see a black swan event, which to be fair have not been that rare recently -_-)
The take profit would be
1- 0.5 of A--> C pattern since the market sentiment seems to be turning bullish at least for the next little bit
2- 0.618 of A-->C pattern as the standard retracement
3- 0.786 of A-->C pattern as the Swing failure pattern of the B as zone of high liquidity for whale trading
4- 1 of A-->C to set a lower low (way less likely unless we see a black swan event, which to be fair have not been that rare recently -_-)
Nota
Obvsly this played out beautfully if you could avoid the the early morning fake out which is very common when SPY open in Green just to drop like a hot potato
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.