The pattern has already completed but I will watch for a re-test of this level for the tentative targets indicated by the green lines. Stop loss is the red dashed line. Let me know what you think.
Note
Limit order missed by a pip so far -- the market makers must have gotten wind of this idea ;)Trade active
Price has not hit the stop loss for the bat. I entered at 52.82 on the contract price, a little earlier than I should have since I wanted to get in at the 1.618 extension. I think the risk:reward is good enough to take a shot -- wish me luck.
Trade closed: target reached
Crazy day eh guys? Both targets reached! Looks like it was worth the risk!
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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.