Lots of different ways to plot out a harmonic in different forms on the current D leg that happened yesterday.....however Im going to watch for this simple ABCD or AB=CD completion. We are getting close to the heavy support Line (in white) of the long term channel. That is the concrete floor. I want to take jabs at longs until she runs ....with a core short running until it turns.
Trade active
And away we go.....would like to see it break the initial downtrend res levels....and give us a run to the 23 fib at a minimum to take some off. at this point around 13245. we shall see.Trade active
Initial Target achieved....let off 50% at 260..holding rest for now. Nice 150+ points per contract this AM.Trade closed: target reached
Shutting it down here....congrats if you took it this am ;)
Patience is Key.
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Patience is Key.
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.