the swings recently has been down, and while this might just be a correction before a breakout to the upside, so far im biased towards shorts. a sharkpattern inside this channel will provide a nice opportunity.
remember, sharks can go up all the way to the 1.13 extention (green box) so stops should at least go above the white box here. however since we can shoot for another wave down with a potential retest of the lower trendline that shouldnt be much of a problem, RRR-wise.
ofc u can also look for reversal signals in the completion area of the blue triangle and go for a trade on a lower timeframe with a tighter stop and target setup.
remember, sharks can go up all the way to the 1.13 extention (green box) so stops should at least go above the white box here. however since we can shoot for another wave down with a potential retest of the lower trendline that shouldnt be much of a problem, RRR-wise.
ofc u can also look for reversal signals in the completion area of the blue triangle and go for a trade on a lower timeframe with a tighter stop and target setup.
