The harmonic pattern has completed and price has consolidated nicely in this range. It appears a triple bottom may have formed which is another case to go long. A triangle has formed and is coming to an end soon so there is bound to be some moves soon in either direction.
All targets, entry, and and stop loss are shown on the chart.
Trade active
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It looks like price broke out of the triangle to the upside momentarily and then pulled back to retest previous support. If this support holds we could see a stronger break to the upside but if it fails we will see new lows.
Trade closed: stop reached
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Comments
domavila
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Please excuse the typo in my title. I Mostly trade on the 240 min timeframe and it is a habit.