Navigating Bullish Momentum Amidst Potential Caution Signs

If you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link.

In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity.

Now, let's delve into why this is crucial:

It enables you to distinguish between astute analysis and a sales-driven approach often seen in the financial world.

If you happened to miss the initial shorting opportunity, there are three viable options to consider:

Option 1: A retest on the Bearish Crab Pattern on the daily chart at 150.43, presenting another potential shorting opportunity.

Option 2: A retest on the Bearish Shark Pattern on the 4-hourly chart at 150.45. These levels may appear close, but they entail different timeframes for trading confirmation.

Option 3: You might opt to await a retest of the trendline on the 4-hourly chart before engaging in this counter-trend trade.

The critical question now arises: Which of these three options aligns best with your trading strategy, and why? I'm eager to hear your thoughts. Share your insights below!