AB leg retraces to 0.382 of XA-leg
BC falls perfectly in between 1.272 and 1.414
CD completion at 0.786 has perfect (see chart)
On top of that we have a previous that has already proven resistance in the past just above it.
As with most patterns, the RR ratio for TP1 is inverted (risk is bigger than potential profit), but as patterns in general are quite successful, it is definitely worth it. TP2 has an approximate 1.5 RR ratio.
Agree with this idea ? Thanks for giving me the thumbs up by clicking the like button.
Have another view, have questions, comments ? Feel free to share it below !
More ideas like this ? Click the follow button to keep updated when I publish new ideas or update already published ones.
Do also check our brand-spanking-new Crypto Sports Edition
Check our live crypto trading channel on Twitch : https://www.twitch.tv/cryptotraderstv