MATICUSD Bearish Structure Again

MATIC Bulls do not want to see this H&S at a Double Top Fail out of the Bearish up channel.

Kommentera:

The structure never broke trade never triggered still bearish looking.

Kommentera:

While the initial short setup to did not trigger, choosing to take out stops above attracting bull suckers only to dump it on them too, the short setup is still there on a break of structure.

Kommentera:

Matic is about to Trigger a short.

Kommentera:

Short Triggered as expected.


Now apply proper risk management

Kommentera:

A right should could form here. Still bearish.

Kommentera:

KABOOM!

Kommentera:

Matic New Lows as expected.

Kommentera:

A better-defined right shoulder would not be unreasonable.

Kommentera:

Matic has now formed a more solid right shoulder.

Kommentera:

Matic has had no correction since my short call. In fact, it is even lower.
Bad JUJU!

Kommentera:

MATIC new lows.

Kommentera:

New lows!

Kommentera:

New lows again.

Kommentera:

Matic is forming a small bear flag

Kommentera:

Matic nose diving as expected.

Kommentera:

After posting the bearish flag MATIC did collapse as expected. Now trading 0.78 as the carnage continues.

Kommentera:

Yet another bearish setup in MATIC. Wait for a trigger.

Kommentera:

As expected MATIC is now at a key area

Kommentera:

BINGO!

Another Great Call! ;)