OK so we have a few options here. I'm currently in a sell here and looking to tp at 1.80700. I'll be watching closely how price reacts at this point to see if it will drop further and close below my C leg. If it does close below, I'll be looking for a sell entry to hold down to 1.7800 which is tp2 (1.27 extension) on the butterfly pattern. Both tp1 and tp2 are...
Price could retrace to the 17.6- 17.850 zone for entry first before dropping off to 17.1 use proper risk management. Price could potentially drop to 16.0 the second green box long term. I'll confirm next week.
Just trying to catch the rest of the move. We entered at 10002 with the previous harmonic pattern, and price retraced back up 9100 creating our right shoulder and entry point.
PRICE COULD DROP MUCH LOWER THAN 69300 BUT WE ANALIZE AGAIN ONCE WE GET A CLOSE BELOW 69300
PRICE COULD BREAK UP TO THE UPSIDE AND CREATE A NEW HIGH EVENTUALLY BUT IF PRICE BREAKS BELOW THE 9800-9700 THE SHORT IDEA IS MUCH MORE VALID.
Tp hit. Price action may vary depending on your broker
long term swing trade. I like to tp1 at .236 even though those are not the rules for harmonics. feel free to hold until 382
down trend on the daily, tp at 38.2 on the fibs. 68200
expecting a drop on GN....swing trade. scalpers can take 20-30 pips and run. Others can choose to hold.
Seeing a bearish bat here. Should get a nice drop this week.
Seeing a great sell potential. Lets double and triple those accounts on this one guys :)