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I am in a trade for a corrective move up for the moment, waiting for confirmation to enter a short trade according to your setup and harmonic pattern.
I see you drew the horizontal blue line around the 38% fib of the last big move down (which broke the trendline). Would you say price will likely not retrace very high with such a bearish picture and posible retracement will most probably not go much higher than that level?
Bearish picture on bigger timeframes but price could easily retest highs or even go to new highs and invalidate current patterns.
Currently we are back above the trendline so I'm cautious now. Therefor I'm trading with wide SL and TP and only 1/10 of my regular trade size since I want to catch the big move when or if it comes.
I additionally will try to catch some moves on smaller timeframes.