Head and shoulders pattern is emerging. Expecting a significant C wave correction (Elliott wave count).
Short entry: 11724
Take profit 1: 11336
Take profit 2: 11183
Stop loss: 11906
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RRR: 3+
Short entry: 11724
Take profit 1: 11336
Take profit 2: 11183
Stop loss: 11906
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RRR: 3+
Trade active
Note
Price continued up to fibonacci 0.236 and is currently forming a flag. I may revise the TP because it looks the corrective structure could be a flat
Note
Flag support was broken:Now for that steep channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.