Hey guys, i want to share with you this outlook i've drawn on my chart. You can see 3 different advance pattern formations are setting up right now. I consider those to be three valid reasons to get involved in the market. You know stop would go above/below X, and targets at .328 and .618 AD retracements. Don't tell me it's not beautiful. Good luck in the markets!
If you want to share tour standpoint or ask questions, feel free to write below. Otherwise, see you in the next chart!
Comment
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Are you kidding me?!
Trade active
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Blue pattern triggered!
Trade closed: target reached
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First target hit on the blue pattern, stop at break even now!
great spotting @Roker1, I am short at 122.512 looking to get the .382 retracement of the blue pattern since I was following the ABCD pattern (made out of A,B,C,D legs of blue pattern). I also noticed oversold conditions on the market where the pattern was completed.
Lets wait it out and trust that it is going to work out.
Lets wait it out and trust that it is going to work out.