we can see a very long wick on H4 meant to stop hunt+ fomo buyers into buying but all of this is to make liquidity for a nice short
still very possible that price can break up but i will be looking to sell after current signs are presenting themselves
1: 3 touches of ascending reverse wedge
2: Big wick stop loss hunt + fomo buyers caught in trap
3: smaller tf indicates another bearish ascending reverse wedge at resistance
so i will be waiting for the break of this smaller tf pattern to enter my short
Goodluck to all
still very possible that price can break up but i will be looking to sell after current signs are presenting themselves
1: 3 touches of ascending reverse wedge
2: Big wick stop loss hunt + fomo buyers caught in trap
3: smaller tf indicates another bearish ascending reverse wedge at resistance
so i will be waiting for the break of this smaller tf pattern to enter my short
Goodluck to all
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