Elliot Wave + Bearish 5-0
Looks like Elliot Wave Double 3 Combination and Bearish 5-0 patterns in one. The "Y" point of the Elliot Wave is on the 2 fib level (reversal level).
From there, price could fly up to the red box to retest the .5 fib level on the Bearish 5-0.
Once price gets to the red box, it's a sell for me all the way down to the green box for the take profit zone.
From there, price could fly up to the red box to retest the .5 fib level on the Bearish 5-0.
Once price gets to the red box, it's a sell for me all the way down to the green box for the take profit zone.
Transakcja zakończona: osiągnięto poziom stop:
Of course the news spike had to screw this trade up...but it is now forming an Inverse H&S on 15M tf