.618 Reversal for continuation of AB=CD pattern... PRZ located at the end of the 1 to 1 move.
Waiting for pattern to play out to enter long position... Pips still available on the short position.
Looking at potential long position. Looking a the completion of C leg at .618 before taking off for D.
AB=CD completion pattern to hit resistance Retrace to .50 and headed back to retest high before nice short opportunity.
Short "Scalp" opportunity to C leg before reversal to D leg..
The purple downtrend arrow represents a possible H & S completion to support for retrace pattern only if it breaks trend line. If trend line is respected (yellow circle).. then red arrow represents uptrend to major bearish trend line for possible 3rd touch.. If that is completed look for EU to reverse to bearish trend for possible 400 pip short opportunity to...