keep an eye on this pattern trade.
if gets filled trade it.
watch ab=cd pattern to complete for the new one after the old one.
risk to reward ratio should be considered.
as Jason stapleton would say...this is the most profitable pattern if it gets filled.
i like trading it here at .886 retracement and confluence of 1.272 and 1.414. as they make the market over bought and so on and totally filled for a likely reversal.
check RSI if overbought or in divergence before entrying this trade.
trade wisely
if gets filled trade it.
watch ab=cd pattern to complete for the new one after the old one.
risk to reward ratio should be considered.
as Jason stapleton would say...this is the most profitable pattern if it gets filled.
i like trading it here at .886 retracement and confluence of 1.272 and 1.414. as they make the market over bought and so on and totally filled for a likely reversal.
check RSI if overbought or in divergence before entrying this trade.
trade wisely
