After the harmonic pattern has completed at the 1.618 retracement and RSI oversold we are looking for a Type 1 reaction to target 1.
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My buy stop order was triggered at 0.00278 and looks like we hare having a nice Type 1 reaction here.
Entry: 0.0028 BTC Stop Loss: 0.0026 BTC (Please note I have moved my stop loss up to break even and this is a free trade. Target:1 0.0036 BTC Target: 2 0.00416 BTC
I will watch price action and will exit the trade if trend line support is broken.
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Trade closed: target reached
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Target 1 has been reached and 1/2 my position has been closed. According to my trade plan I have moved up my stop loss and will let the other half ride.
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I have decided to abandon this harmonic and go with a Gartley. This one is nice.