Confluence of an AB=CD pattern , a Bull flag and Wyckoff spring
The best trade is the hardest trade, you have to be patient enough to let the trade develop and pull the trigger without hesitation.
AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a BUY with a CD measured move profit target.
Now looking to sell at D or at 1.27 or at 1.618 fib extension levels. Only taking a sell if signs of exhaustion are visible.Price can continue up.
Always trade what you see and practice sound money management.
AB leg formed with a small retracement that led to a coiling pattern the bull flag, Wyckoff spring (bear trap) formed at C and then price broke the accumulation zone with a retest of trend line and that triggered an entry for a BUY with a CD measured move profit target.
Now looking to sell at D or at 1.27 or at 1.618 fib extension levels. Only taking a sell if signs of exhaustion are visible.Price can continue up.
Always trade what you see and practice sound money management.
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