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.
If you like my idea do me a favor, follow my profile to see more stuff like this and hit that like button.
Thank you. Good trading. -Felix