In this chart, I've identified another AB = CD pattern. I've tried to mitigate the stop loss and I didn't put it above C, I put it on the green candle I saw below C, the reason is because I want to stay within the projection of CD expectation. If I kept my stop loss above C, the projection was going to be dismissed. This is also the reason that I'm keeping only 1 profit level not 2.
I'm expecting there to be a reversal at D as its the potential reversal zone.
Let's see how this one goes.
I'm expecting there to be a reversal at D as its the potential reversal zone.
Let's see how this one goes.