Bear Flag on $ETC

Ladies and Gents,

I'm already holding short positions from previous posts (refer to links below) but will add bigger position if the bear flag triggers.

• The strong impulse down leg and consolidation is forming a tight bear flag pattern.
  
• Take profit shown at GREEN line.
  
• Reduced stops shown at RED line.
  

Lower R/R at just over 1:1, but in my opinion is a high probability trade if ETC breaks below.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.

Kommentera:

Trade not active until we break below.

Order avbruten:

Failed to break out the bottom. No trade.