The previous idea already showed this pattern and a smaller pattern within it. The smaller pattern was a good short and we may now have our B and C for the larger pattern... This all within a possible wave 4 correction...
I updated the pattern and here it is..., I will definately short this if I like the PA in one of the 2 possible PRZ's...
PRZ 1: Gartley PRZ (0.597 is close to 0.618...) at 0.786 XA and 1.41 BC projection
PRZ 2: Bat PRZ (technically more accurate: over 0.50 and didn't touch 0.618...) at 0.886 XA and min. 1.618 BC projection...
SL for Gartley: above bat PRZ and close to pattern X, SL for bat: above X!
Target will be min. 0.618 ret. and trend continuation for a wave 5...
Watch the PA in the PRZ and look for smaller TF ending structures to get the best possible entry and SL!
I updated the pattern and here it is..., I will definately short this if I like the PA in one of the 2 possible PRZ's...
PRZ 1: Gartley PRZ (0.597 is close to 0.618...) at 0.786 XA and 1.41 BC projection
PRZ 2: Bat PRZ (technically more accurate: over 0.50 and didn't touch 0.618...) at 0.886 XA and min. 1.618 BC projection...
SL for Gartley: above bat PRZ and close to pattern X, SL for bat: above X!
Target will be min. 0.618 ret. and trend continuation for a wave 5...
Watch the PA in the PRZ and look for smaller TF ending structures to get the best possible entry and SL!
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