"Systematic risk creates potential buy low opportunities" People with this thought may have participated the Brexit day and the Trump winning day's victories.
Also,in terms of harmonic trading, the logic is not "It's nonsense to catch the falling knife" ; it's more like "We'll be waiting for the slump to get the long entry".
Of course, there is no need to put a buy limit to create liquidity for the market, although we keep "buy low" in mind, it still needs time to let the selling momentum get released, and that's why we need reversal signs. Here we got a bullish gartley pattern and inside 4hr combination, I'll be willing to be more bullish intraday until the inside day low gets broken down.
Let's see how it goes!
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nice little 100 pips run, about to execute risk-reward stop~
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put the out below 23830 as risk-reward stop!
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got the 1st kick yo !!!
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put the out below 23670 to trail!
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nice little run to form a daily engulfing! sell some with 600 pips profit, and put the rest out below 24000 to trail!
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here we got an inside day, still an available trade as a combination for this pattern!