sure thats a possibility. the only thing that matters for me is to "get free", and leave the rest into hands of mother market. Considering how jpy pairs love 50%, and that 100 is sitting right above a big bad 50% that failed twice already, im ready to give it a shot.
I see what you mean. The double top is temptatious. Upside potential limited. Down side high potential. Great risk reward!
I prefer to wait for confirmation of the 2 scenario's before I enter my position: bull flag or bounce of Fibo.
By the way: just a question and no offense, are you using the right harmonics ratio?