Predicting that the market will reverse RIGHT THERE.

26 Nov 2020

... from multiple converging trendlines and exhaustion of the move up.
The break of the rising wedge will likely be down, beacause :

• The wedge is very tight, reinforcing it's efficacity as a pattern (more people will be seing it).
  
• It has reached a major resistance trendline from the higher timeframe, where it has rejected it in the past very well.
  

Placing my limit order above to take advantage of the future manipulation that is likely to take place in that area specifically.
3.3RR

Here is the longterm trendline that I was taking about (in red) dating back to 2016 :
everitime it touched this trendline, price has been rejected heavily with AGRESSIVENESS, more than any other areas...


And here is a clearer picture of the blue 4h trendline :

1 Dis 2020

Nota

Could still be seeing a reversal here:

7 Dis 2020

Dagangan aktif

Ok now is the time to short... we had to be patient on this on to form the sell pattern:

7 Dis 2020

Nota

Here is a better picture on the weekly:

9 Dis 2020

Nota

Selling agression getting stronger than buying agression:

13 Dis 2020

Dagangan aktif

Now is the perfect reentry if you missed if before

I entered there earlier