targets for the completed pattern is $4.79 i indicate take profit zones to manage the trade
The trade is invalidated if price trade below $2.45.
Comentarios:
i felt i should update this idea as its about a week old. As more data comes through the reversal pattern get more obvious on lower time frames. A potential Ascending triangle is in the making.
Operación cerrada: precio stop alcanzado
Comentarios:
i feel i should update this idea.
this update is just to highlight my mistake while i initially interpreted price action
the trade idea or pattern is very much valid or correct but i failed to recognize the fractal occurring within this pattern
we can observe price action formed a mountain (red) and a hill(red) in two consecutive sequence . hence i should have expected the hill to form before the expecting next mountain
The fractal could also be represented as these triangles
this update is just to highlight my mistake while i initially interpreted price action
the trade idea or pattern is very much valid or correct but i failed to recognize the fractal occurring within this pattern
we can observe price action formed a mountain (red) and a hill(red) in two consecutive sequence . hence i should have expected the hill to form before the expecting next mountain
The fractal could also be represented as these triangles
Operación cerrada: objetivo alcanzado:
yh..it took a while and some detours but in the end the market played out very well