In this chart I've identified another AB=CD pattern. I'm expecting the chart to turn bearish with a reversal at area signified near point D. In this chart I've placed the trade according to the basics that I've been following - 2 levels of profit. The order placed was buy stop, right above point B and the stop loss right below point C. Let's see how this one plays.
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.