SHARK (BLUE) COMPLETION LINES UP BUTTERFLY (YELLOW) AND WITH QUARTER POINT
TWO FORMATIONS LINED LINED UP CREATING BEST POSSIBLE ENTRY
I PREVIOUSLY HAD THE SHARK COMPLETION AT THE .886 BUT AS YOU CAN SEE, THE SHARK IS APPEARING TO COMPLETE AT THE 1.13 EXT INSTEAD. SHARKS ARE TRICKY THAT WAY. I'M WAITING FOR CLOSURE BELOW THE QUATER POINT AND TREND LINE BEFORE ENTERING.
ALSO, THIS PATTERN COINCIDES WITH THE PATTERN I HAVE ON THE WEEKLY TIMEFRAME (BAT). THE BAT IS IN PROFIT (SHORT) AND IS ON ITS WAY TO ITS FIRST TAKE PROFIT. JUST ANOTHER CONFIRMATION SIGN (IMO). KEEP IN MIND THAT IT APPEARS THAT PRICE HAS ALSO RECENTLY BROKEN A PREVIOUS LOW AND APPEARS TO BE DOING A TREND REVERSAL. I CONSIDER THIS ANOTHER CONFIRMATION THAT I AM ON THE RIGHT TRACK. IT''S ALREADY CREATED A TRIPLE TOP FORMATION SO I'M EXCITED TO SEE WHAT HAPPENS.
TWO FORMATIONS LINED LINED UP CREATING BEST POSSIBLE ENTRY
I PREVIOUSLY HAD THE SHARK COMPLETION AT THE .886 BUT AS YOU CAN SEE, THE SHARK IS APPEARING TO COMPLETE AT THE 1.13 EXT INSTEAD. SHARKS ARE TRICKY THAT WAY. I'M WAITING FOR CLOSURE BELOW THE QUATER POINT AND TREND LINE BEFORE ENTERING.
ALSO, THIS PATTERN COINCIDES WITH THE PATTERN I HAVE ON THE WEEKLY TIMEFRAME (BAT). THE BAT IS IN PROFIT (SHORT) AND IS ON ITS WAY TO ITS FIRST TAKE PROFIT. JUST ANOTHER CONFIRMATION SIGN (IMO). KEEP IN MIND THAT IT APPEARS THAT PRICE HAS ALSO RECENTLY BROKEN A PREVIOUS LOW AND APPEARS TO BE DOING A TREND REVERSAL. I CONSIDER THIS ANOTHER CONFIRMATION THAT I AM ON THE RIGHT TRACK. IT''S ALREADY CREATED A TRIPLE TOP FORMATION SO I'M EXCITED TO SEE WHAT HAPPENS.
Trade closed: target reached
