We are closing in at top of the Daily consolidation triangle We have a confluence of a 1618 Deep Crab completing 30 pips above monthly support, and at DAILY TL. If we can break Monthly support we can easily hit the mark. We will eventually break out of this triangle but while we are in it we can look for opportunity as it presents to us. Failure here and another buy opp would most definitely come.
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DAILY consolidation high
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Short term - Target 1 and B point of pattern hit, take some profit here if not already. Long term, holding for larger spanned targets
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I dont have time to update all trades, so just this one for today. TP2 for short term pattern complete
LT trade remains open
Trade closed: target reached
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Short term - reached to TP2 long term short remains open
@Smokwawelski, Yup Bat as well, its so easy to see I didnt bother putting it there ;)
I like the broader deep crab as well, just not the impulse leg., however being in the triangle the impulse leg doesnt need to be from a high or low.
good stuff.
Smokwawelski
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@Swerver, it should only work. sometimes simpliest methods are most efficient