Since Dow did not form a flag continuation to the downside, our bias is hence bullish until it reaches the double top.
So in this setup price made a flag continuation pattern within a larger rising wedge structure, and since the key level was noted, that is the take profit.
Albeit not the highest of probability, it is still a valid setup.
Drop a comment and let me know what your views of the markets are!!!
So in this setup price made a flag continuation pattern within a larger rising wedge structure, and since the key level was noted, that is the take profit.
Albeit not the highest of probability, it is still a valid setup.
Drop a comment and let me know what your views of the markets are!!!
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TP Hit, there was a smart money entry where the wick is (3 minute wyckoff schematic)