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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!

Midterm Buy Trigger = 10.800
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wedge triggered syot kilat
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ok ok - understood! syot kilat
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In the hourly Chart NOTHING happened! A nice buying-candle appears! syot kilat
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Have we seen a false breakout / beartrap?
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buying candle! oh yes! syot kilat
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No more danger of the wedge, no more danger of the possible double top! now 10.800 can be aimed! syot kilat
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oh oh...now an ugly selling candle???? syot kilat
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syot kilat
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and here is the BO! syot kilat
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Time to short it (scalp)?
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syot kilat
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next flag ? syot kilat
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syot kilat
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syot kilat
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? syot kilat
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wedge triggered.. syot kilat
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~ 10.800 is still THE LEVEl TO WATCH for further Longs syot kilat
The_Cannalyst
The_Cannalyst

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