Palladium -- Missed Last Entry But Here Is Another Chance
I missed my entry on the past idea (linked below) as I was hoping to get in from the top of the potential Cypher rather than using the AB=CD for my entry. Oh well.
Here is a 2618 set-up after the double top it formed last week. It is also the completion of the faux AB=CD patterns shown on the chart . It seems to me a good place to short. I would love to hear your thoughts. Good luck!
(Don't use this as a trading signal -- I am rookie!)
Here is a 2618 set-up after the double top it formed last week. It is also the completion of the faux AB=CD patterns shown on the chart . It seems to me a good place to short. I would love to hear your thoughts. Good luck!
(Don't use this as a trading signal -- I am rookie!)
Comment:
Not a very strong move down but in profit so far. I am looking to move stops to breakeven around 731.40 (one price has moved in my favor an equivalent amount to the original risk). If it doesn't make it that low, I will watch for a potential bearish harmonic pattern which may be forming.