EW#2 Completion with an expanded Flat

15 thg 7, 2015

Bears bearing down again. Targets are the fibs, you choose.
Early entry can be a long candle or a 10 period moving average crossover in 4H Time frame.

The reason I'm entering short despite the return of price in the big trendline:The little diagonal blue trendline to the far right which is a basis for zigzag corrective patterns.

Disclaimer for beginners: Don't think that all long candles or moving average cross overs will get you pips.
Sorry, it's really not that simple guys...

cancelling trade idea. No big red candle just a big green candle..... ;-/ back to the drawing board.

I guarantee NOTHING

Update 7/20/15
Closed my position for a small profit since it's less than 50 pips. This doesn't mean I'm changing my bias.
I am just looking for another wide long red candle as confirmation in the 4H. I feel no rush to trade this one because if big candles show up, the TP is big.
7/21/15
Cancelling trade idea. No big red candle just a big green candle..... ;-/ back to the drawing board.