Will look for short potential based on price action, and other criteria such as RSI and MAs. If price shows bearish move will enter from the identified area/range.
5-0 harmonic pattern for buy at current price. 61.8 can be your first intial target from CD leg retrace, but with this pattern, I will go for 100 fib retrace. Good R/R with 9.5 to 1 if price moves to TP2. (TP is target profit)
Looking at previous swing box for developing downtrend. Market shows at this time progress to previous highs, awaiting confirmation of short. If confirmation candle occurs after 4h candle close, will place sell order below close of bar, stop placed at 1203s, profit target 1180s. Must wait for close to occur inside box if it extends pass top of current price...
