At first, a Gartley pattern was forming but it got violated and then we got its extension which is the Bearish Crab pattern and
after a Fib retracement of the last wave we find the targets in 0.382 and 0.618 levels.
We have a nice risk to reward ratio with a stoploss slightly higher than the swing high of CD wave
after a Fib retracement of the last wave we find the targets in 0.382 and 0.618 levels.
We have a nice risk to reward ratio with a stoploss slightly higher than the swing high of CD wave
Trade active:
First target hit
Trade closed: target reached:
Alright, our first target was hit and then it went to run out the stops,fortunatly I closed the whole position at T1 because there was signs of reversal (Stoch RSI cross,the 1H candlestick