Price @ d1 fib5 downflow and printed a shooting star.
I will prefer to see a small hns at least to get in on this short. At the very least, I can tank up slightly bigger position since
factors mooting for this short will be :
1)H4T- flow with me if i go short
2)shooting star- reliable signal but requires an intraday retracement to reduce risk.
3) 50% retracement of previous month
It was a great shooting star seen which seemed confluence with d1 fib5 and was in line with past 3 weeks trend. yet the right shoulder never came which would have minimized my pip risk and hence allowed me to stack more pos. Eventually, i had to enter on h4 close below previous day low.
Price now seem to have completed a 1234. Come monday, I will look to add on retracement towards 1234 , 2 days high.