previously went short on this and still am. have 2 positions in this trade at the moment. I was expecting an ABCD patters on the overall picture but realised the inner head and shoulder is also about to play out. looking at charts we see the inner right shoulder forming and also lining up with the left shoulder on supply zones confluent with 61.8% levels where the left shoulder meets. targets for this is -127% lining up with the over all neck line of the weekly left shoulder.... also on the over all weekly price has had a break out and fib sequence to fall well on 61.8% retracement levels.
Trade closed: target reached
:)
Supply & Demand trading building his trading empire with a long term goal to open a H.F. Please follow my story. ( PS: All trades are not financial advice and these are just my personal views and opinions)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Supply & Demand trading building his trading empire with a long term goal to open a H.F. Please follow my story. ( PS: All trades are not financial advice and these are just my personal views and opinions)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.