this morning when I wrote about price finding multiple support below it in the 1min, 5min and 15min..... I actually hedged my trades then.
it had reached a possible total 15% increase in profit But I did not close it till I saw higher probability of it going down.
I ended up getting just an additional 4% with a higher probability that price will come down.
1min needs to develop another wave down to show divergence as end of that wave structure of higher degree.
5min is bounceing off an edge of support
15min has some more room to go down.
Watching that bearish engulfing candle on the 1hr which is developing still plus the pin bar preceding it.
EG
it had reached a possible total 15% increase in profit But I did not close it till I saw higher probability of it going down.
I ended up getting just an additional 4% with a higher probability that price will come down.
1min needs to develop another wave down to show divergence as end of that wave structure of higher degree.
5min is bounceing off an edge of support
15min has some more room to go down.
Watching that bearish engulfing candle on the 1hr which is developing still plus the pin bar preceding it.
EG