In the 4h chart theres is a full completion of a abcd pattern, setting up a long opportunity in the short term,
The trade is not active yet because wha hacve to wait for a reversal pattern in the Potential Reversal Zone (ligh blue area)
**Be careful with this trades, they seek to profit from market pullbacks so you are not flowing with the trend here, if you trade it, watch it closely in case trend resumes.
When the trade becomes active, the Target should be the 61.8 of the last leg
Happy Trading,
The trade is not active yet because wha hacve to wait for a reversal pattern in the Potential Reversal Zone (ligh blue area)
**Be careful with this trades, they seek to profit from market pullbacks so you are not flowing with the trend here, if you trade it, watch it closely in case trend resumes.
When the trade becomes active, the Target should be the 61.8 of the last leg
Happy Trading,