1 We identified a with a recent new structure low.(2)IF the Trend continues THEN the last OR cannot be violated. (3)Therefore we are looking to test this hypothesis and get a qualified shorting opportunity in form of a Pattern.
Remember: There are several ways to trade this pattern (Talking about Stops & Targets). Trade your plan!
Speaking for myself, I am taking two Targets. The first at the 38.2% Fib level. The second is more extended.
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Thank you. Good trading. -Felix
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