Harmonically this is a Perfect Gartley , being a high probability that it will make a correction here . Trade your plan and follow your rules Trade what you see
The harmonics and Chart speaks for itself , Completion of a Cypher Pattern and a possible retracement back up to the 382 Fib Retracement and in line with the Parallel Channel , then a possible Butterfly at the 127.2 Fib , all within the Parallel Channel and Cloned trend lines from all the Reversal points
Harmonic's and Fibs for my target . Follow your rules . Trade what you see
1. Firstly a possible Bat Pattern with a Head and Shoulders. 2, Termination of the Bat Pattern in the Parallel Channel and a 1 to 1 Move 3 . The bigger picture ia a Possible Cypher Pattern 4. This is also a bigger Head and Shoulders with that could be the completion of a Cypher 5. Trade your Rules AND Your Plan . 6.Trade what you see.
I could be very wrong as this is a big Possibility , Harmonically the Bat Pattern has not yet completed , here is a situation of a Pattern or trade set up that is called the BAMM Trade , i will explain , Price declined before it hit the 0.886 and retraced back down to re test the 0.382 Fib of the B Point that is normally the most profitable buy possition as what...
Respecting the Trend Line and a goo RR for a Sell . Trade your Plan Trade what you see.