Here is an alternative view.
If you understand the different phases of market movements. I should not have to explain this.
I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers.
* 3 touches at the top of the channel
* 3 touches at the bottom of the channel
* Break of the main trend that was following the bullish momentum
* Currently in Phase of retest and rejection before it falls
* The bearish candlesticks had more power going down than the bullish ones moving up
I've got 5 confluences
This is now on my considerations
If you understand the different phases of market movements. I should not have to explain this.
I just have to make you aware that this actually is a possibility and one that has a great RR (about 6). Which follows my trading plan and follows my triggers.
* 3 touches at the top of the channel
* 3 touches at the bottom of the channel
* Break of the main trend that was following the bullish momentum
* Currently in Phase of retest and rejection before it falls
* The bearish candlesticks had more power going down than the bullish ones moving up
I've got 5 confluences
This is now on my considerations
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