A 0.618 retracement might have finished a possible wave 2... Target 1: S/R zone or double top at possible wave (1) top. Target2: 1.272 extension of possible wave 1 SL: below the low at the 0.618 retracement
More risk-averse traders should wait for the breakout (example drawn on chart for reference)!
To keep in mind: Gartley pattern (orange) and possible blue bat in the background (both far from completion!)...
Trade closed: stop reached
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Stopped out...
Comments
chrisvos
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I am entering now, and going BE once it hits the trendline for hopefully a break. Good post!