Did well in this type of trade, and this is the type of trades that I want to keep repeating.
First saw Hang Seng struggling to break 25000 level with 52w resistance confluence.
Price eventually tested 25000 for a few times but could not break it.
As price came to week10. I saw gapping up as a chance to add in more entries.
Bearflag appearing on Monday. I held on to 25000 short positions, a very nice place to be shorting from.
TP1 reached 2 days later on week10 Wednesday when price reached the neckline.
Understanding the anatomy of chart patterns in relation to key levels has helped me to craft a very good trading plan. I can see how prices have been building up and know in relation how trades could have better entry n exit points.
I am also gradually forming up the type of price patterns that I am playing off: they are mainly right shoulder, or flag play.