By LTR I mean long term risk and that risk is managed at most (will definitely be less than) at the "wave structure violated" level marked in the idea.
What makes this a great trade is because we have completed the sub-waves that would be needed for this to rally long term from here, they are harmonic and all within my trade plan, we have the deep retracement near the max risk level and this sets up an opportunity to drop lower in time-frames/fractals and fine the intraday waves for a more precise entry
What makes this a great trade is because we have completed the sub-waves that would be needed for this to rally long term from here, they are harmonic and all within my trade plan, we have the deep retracement near the max risk level and this sets up an opportunity to drop lower in time-frames/fractals and fine the intraday waves for a more precise entry