I missed my entry on the past idea (linked below) as I was hoping to get in from the top of the potential Cypher rather than using the AB=CD for my entry. Oh well.
Here is a 2618 set-up after the double top it formed last week. It is also the completion of the faux AB=CD patterns shown on the chart . It seems to me a good place to short. I would love to hear your thoughts. Good luck!
(Don't use this as a trading signal -- I am rookie!)
Here is a 2618 set-up after the double top it formed last week. It is also the completion of the faux AB=CD patterns shown on the chart . It seems to me a good place to short. I would love to hear your thoughts. Good luck!
(Don't use this as a trading signal -- I am rookie!)
Note
Not a very strong move down but in profit so far. I am looking to move stops to breakeven around 731.40 (one price has moved in my favor an equivalent amount to the original risk). If it doesn't make it that low, I will watch for a potential bearish harmonic pattern which may be forming.
Note
Related publications
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.
Related publications
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.