At times they work out perfectly but you must always guard against euphoria. Anything can happen in the market !
Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good!
Its a scalp trade!
Always trade what you see and practise sound money management.
Another butterfly pattern with not so perfect fib ratios. Had to wait for other confirmations to get into the trade . CD leg terminated as a measured move of the AB leg and immediately evolved into a Three drives to the top pattern and that was my trigger, entered the trade with a sell limit and a tight stop. So far so good!
Its a scalp trade!
Always trade what you see and practise sound money management.
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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.
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.