This setup is getting me salivating. A nice retracement so far to the 50%. Little flat for the time being. It’s either a:
1) Equal Leg Trade of an overall corrective cycle
2) A Golden Corner Pocket Trade with a TP @ the Algo target
They both sound great to me with very nice risk to reward. Dual reasons to get into it. The market geometry is also nice as the median lines I plotted both ways correspond to a lot of past and current pivots of the S/R levels.
1) Equal Leg Trade of an overall corrective cycle
2) A Golden Corner Pocket Trade with a TP @ the Algo target
They both sound great to me with very nice risk to reward. Dual reasons to get into it. The market geometry is also nice as the median lines I plotted both ways correspond to a lot of past and current pivots of the S/R levels.
Trade active:
