If these patterns confirm, we have the possibility to capitalize on roughly 837 pips over the next week or so. Definitely something you may want to add to your portfolio. So, what makes me think that the smaller will complete at the 88.6? Well lets look at patterns. There is an obvious W that broke the median leg, and shot straight up. The upside target is 1.56388, then we have a 257 pip target to the downside at 1.53810 at our TP Target 2 @ 61.8 which will create a ripple effect and help the we have listed complete itself. The D completion leg at 1.56388 to the downside will confirm point C. Point D of the will complete at the 88.6 level of the XA Anchor @ 1.47022 for a massive 580 pip target at the 61.8 to the upside.
Am I going to take these opportunities? Absolutely yes!
Am I afraid I'll get stopped out? No, just use proper risk management and you should be fine.
If you'd like any more information on these harmonics or how I chart these out, add me on Facebook: http://facebook.com/christopher.payton.2
I barely check my PM's on trading view now a days. Take care guys!