QQ Group: 609224828
The key thing to determine the trade is right or wrong, or maybe we should say " winning trade or losing trade" is whether it hits the stop loss. I already said clearly the stop loss should be below the BASE.
which refers to the lowest point.
Firstly - thank you for your effort...
...and sorry for a basic question: In this case the right tray somehow bridges the level oft the left one - how much may the one differ from the other to still work as an active reversal-pattern?
And are there any rules regarding the distance from the base to the tray-levels? (any Fibonaccis or something to orient by...)