Uptrend was stopped by a head and shoulders pattern and a down trend started creating new resistance lines and bouncing off older ones. It now faces a trend resistance line actually two of them and previous resistance level will try to not let price higher. In this trend there was a falling wedge witch broke out to the down side and now the trend has made a bearish flag patter.
My entry point and exit points are shown in the chart. (But actually i have already take this position)
If you like my ideas and want to say thanks, please click that like button perhaps follow me. And good luck trading as this is a probability game luck can't hurt. And till next idea.
Idea developed by Wizard ;)
I publish ideas weekly and actually almost every day (5 trades today ggeesh ;)
My entry point and exit points are shown in the chart. (But actually i have already take this position)
If you like my ideas and want to say thanks, please click that like button perhaps follow me. And good luck trading as this is a probability game luck can't hurt. And till next idea.
Idea developed by Wizard ;)
I publish ideas weekly and actually almost every day (5 trades today ggeesh ;)
