Hi, my name is Rocky Outcrop, you might have heard of me before although I have no following here on Trading View! So follow along for ideas from time to time. Hit like and share this one if it is interesting.
Will it definitely happen? No, But the picture shows the story of three shorts which could be taken from the top of the PRZ on the Shark Harmonic pattern. If this plays out we are looking at a max target to the downside of around $5,500 which is $13,000 down from where it is now. Low end targets take profit much closer.
All three positions use a 5:1 risk to reward ratio. They are taken from targets for the harmonic pattern. It fails with consecutive daily closes above 19k.
Look forward to hearing your thoughts.
Please avoid referring to any other place such as video streaming sites which I am on in the discussions as the last idea that I had was removed due to referencing an external source.
Will it definitely happen? No, But the picture shows the story of three shorts which could be taken from the top of the PRZ on the Shark Harmonic pattern. If this plays out we are looking at a max target to the downside of around $5,500 which is $13,000 down from where it is now. Low end targets take profit much closer.
All three positions use a 5:1 risk to reward ratio. They are taken from targets for the harmonic pattern. It fails with consecutive daily closes above 19k.
Look forward to hearing your thoughts.
Please avoid referring to any other place such as video streaming sites which I am on in the discussions as the last idea that I had was removed due to referencing an external source.