It would be ideal to see a bearish harmonic/advanced pattern to complete in the .618 area around 1239 as well. What do you think?
Note
Looks like I will get my wish. Price is approaching the .618 now. I will be entering once I see a bearish signal on a lower time frame. Let me know your view! Good luck.Note
The 2618 idea worked out great -- approaching TP1 now and stops would be at breakeven. Unfortunately I am not in this trade either, but it is nice as well as educational for me to see the set-ups play out.
I will continue to update as if I am managing the trade. At the moment I would be looking to cover shorts and go long in the green zone.
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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.