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The standard Take profit targets for most of the major harmonic patterns is 38.2% and 61.8% of AD.
My personal preference is to use 2R and 4R as demonstrated in this live chart.
Closing 50% of my position at 2R allows the remaining 50% to be risk free, alleviating any stress that arises from having capital at risk.
My personal preference is to use 2R and 4R as demonstrated in this live chart.
Closing 50% of my position at 2R allows the remaining 50% to be risk free, alleviating any stress that arises from having capital at risk.
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