If you pay close attention to the analytic drawings, you will notice the two patterns drawn over each other. This is because the , as well has many other , have a range of extensions where they are most accurate. I am going to start incorporating this into all of my drawings to help the young traders better understand the harmonics. SO the blue area is where the chart must reverse in order to qualify as a .
Now the important stuff:
I have a long position off of the Garley pattern at the end of the for a gain of about 13 pips, nothing special , jut the regular trade., which is a little late to get in on, so don't mind it too much.
Second I have a short placed at the current high of the , in case it decides to take an early reversal, I personally still accept that as a completed , you may have different preference. In which case, move your entry to the 1.270 extension at the D point. I have placed the stops at previous structure above the expected high of the and my limit at the of the BC leg.
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Thanks and Good Trading.