Short at the .786 PRZ with stops above new highs. Take some profit / move stops to break even at the .382 retracement and close the remainder at .618.
I enjoyed this short video on this pattern.
Simplified image via Google search.
If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.
I occasionally post unpublished ideas / charts on Twitter: @grahvity
I enjoyed this short video on this pattern.
Simplified image via Google search.
If you're already long, stay long otherwise consider that the 13 EMA is suppressing price at the moment so you might want to wait for a deeper retracement into that yawning chasm in the volume profile with stops below new lows.
I occasionally post unpublished ideas / charts on Twitter: @grahvity
Note
Bullish AB-CD, fib extentions concur with PRZ.Note
PRZ hit.Note
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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.