100 5 4
Target hit
Isnt there upside after a shark?
Yes - these are reversal patterns - however, there are no measured moves associated with the reversal. People play them all kinds of ways.
Great call KLANG and appreciate your sharings.
As far as reversal, my observation is it takes a while after carving double bottoms. To start with i would keep first target, after +ve divergences on indicators, at 0.618 ration on upside.
Do you place trades on the CD leg or do you wait for the pattern to develop and then make the trade? So typically you would expect a reversal here and so a trade!
I have been on top of MU for some time - check out my previous posts - so I felt I knew how it was working well enough to take it near the 1.13
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