Here are few points i am looking for this trade
1.Compare to the last leg up ,we can clearly see Seller are taking control
2. Price in the Overall down trend (ranging market condition ) (if price breaking new low, good chance there are trending move )
3. Price are weak !! Consoildate in a lower level and trying to set up a break out move
4.IF there any small break out set up even incress our risk and reward
5. Target 2times Flag pole
1.Compare to the last leg up ,we can clearly see Seller are taking control
2. Price in the Overall down trend (ranging market condition ) (if price breaking new low, good chance there are trending move )
3. Price are weak !! Consoildate in a lower level and trying to set up a break out move
4.IF there any small break out set up even incress our risk and reward
5. Target 2times Flag pole