Long bearish bars expecting breakout pullback entry
Signal bar - 2 long bars
Trend - Major and short term, both trends are downtrend.
Strength - 2 big bearish bar, strong downtrend
Level - broke the support area after congestion of 12 candles.
2nd entry (2 leg pullback) - NA
Breakout pullback - It is breakout pullback.
EMA - EMA was flat at congestion but with 2 string breaish bars pointing towrads down.
Reversal - NA
DT/DB - NA
Shadows - NA
Congestion - NA
50% Retrenchment - Entry around 50% of breakout.
Big Picture -
Expecting prices will move up, retrace back at 50% and repel the EMA and will continue the downtrend.
Trend - Major and short term, both trends are downtrend.
Strength - 2 big bearish bar, strong downtrend
Level - broke the support area after congestion of 12 candles.
2nd entry (2 leg pullback) - NA
Breakout pullback - It is breakout pullback.
EMA - EMA was flat at congestion but with 2 string breaish bars pointing towrads down.
Reversal - NA
DT/DB - NA
Shadows - NA
Congestion - NA
50% Retrenchment - Entry around 50% of breakout.
Big Picture -
Expecting prices will move up, retrace back at 50% and repel the EMA and will continue the downtrend.