I do want to update and add a few items of note.
1. A completed
2. retest of the pattern I posted about before
3. update my wave count
The led up to the retest of the pattern and prices are now hovering in the PRZ. This may be a good chance to add SHORT positions for the ride down the CD leg of the since prices had already surpassed the B point trigger line. Once prices go past the B point of any , the odds of that pattern completing are greater. This is especially true with bat patterns. Each pattern has it's own expectancy rate. Crabs have lower completion expectancy rates than bats but once surpassed, completion odds increase regardless.
Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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