I will be looking to short this level due to the convergence of 3 harmonic patterns (Gartley and 2 bat patterns) along with some decent support and resistance. TP1 will be at the 382 level and TP2 at the 618 level.
Ok, I'm following this trade idea, I drew out one of the bat patters and added the fib. I set the target 1 as my limit to see how it works out. You didn't mention the stop, I set it at the top of "D" the previous bull candle's wick. That works out to a 3:1 profit loss ratio. Is there a tentative timeframe of this trade?
KarmaSenge
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RickVa, With these particular patterns always place your stops above/below "X". So far this trade has made us a considerable amount of money.