Just look at this risk to reward. Isn't the setup worth trying?

hey, traders. Look at the piscture. We had two impulses in one direction separated by correction which is the definition of a trend. Then the trend was stopped by a new structure high. After that we had two impulses in one direction separated by correction again. We know that usual trend's length (until it stops by nsh/nsl) is two impulses. So I don't expect to get extended move here. Just a retest of lows. Stop is above X. Cheers.
alexander_nikitinBatHarmonic Patternsstructure
Alexander_Nikitin

Related publications

Disclaimer