Price has comleted a bearish bat pattern. Stoploss and profit targets as shown at the chart. If price reaches the first profit target we move stoploss at the second position.
A quick update for those who follow this trade. Price almost reached the stoploss but we are now in the profit zone with a quick drop. I expect a correction at some point before price begins a new sell off. If we see price rising in sideways (corrective structure) that will be a very good sign for our setup as we will soon have another impulsive to the down.
If you have a reason not to enter a trade, just don't enter.. many setups will come soon :) I will update if we have another sell setup with this market, and you may decide if you get involved. I hope that helps!
I don't have a reason ;) If anything, I really like this trade. Im just new to your chats, so I wanted to make sure I was understanding your entry correctly. Im familiar with Harmonic Patterns, and have traded them before... but not a pro.
I don't have one;) I actually like this setup. I saw that the market is trying to make a lower high, so I was getting a little excited to get in, but wasn't sure if I should wait a little longer. Im new to your chat, but familiar with harmonic patterns. I will wait for your update. Thanks!