Pattern and Market Structure Based Trading Setup Bias TCT
Hi guys, a trade opportunity with here as per bias that could be a TCT (trend continuation) setup. Short upon market/price action would be in the PRZ. A bear cypher and shark 88.60% soon to be completed. Could either aggressively short/sell opportunity or wait for further confirmation to go short.
Bias as market could be still in downtrending from the formation of Lower highs and lower lows. Note of the 61.80% and 88.60% fibo confluence. And the bullish AB=CD pattern is also valid as at the completion it gives us a double bottom before market movement up.
Targets based on market structure or pattern based fibo level at 38.20% and 61.80% profit takings. Trade with care. Stops could just be above the previous lower high which could be act as a supply zone/resistance.
Bias as market could be still in downtrending from the formation of Lower highs and lower lows. Note of the 61.80% and 88.60% fibo confluence. And the bullish AB=CD pattern is also valid as at the completion it gives us a double bottom before market movement up.
Targets based on market structure or pattern based fibo level at 38.20% and 61.80% profit takings. Trade with care. Stops could just be above the previous lower high which could be act as a supply zone/resistance.
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