Hi All,
Just thought to share this for those who trade advanced patterns, keep in mind if we break past X Legs the patterns become invalid.
Remember to have your entries stops and targets in place. If we hit the entry and retrace back to the TP1 roll your stops down to a break even and let it ride out.
With the larger pattern this also becomes invalid if price action falls below the A Leg before a D Completion
As always entries for BAT is 88.6%
Targets are the 38.2% and 61.8% FIB RET
Stops depending on your rules I set mine at a certain FIB % above or below the X Leg
Enjoy
Just thought to share this for those who trade advanced patterns, keep in mind if we break past X Legs the patterns become invalid.
Remember to have your entries stops and targets in place. If we hit the entry and retrace back to the TP1 roll your stops down to a break even and let it ride out.
With the larger pattern this also becomes invalid if price action falls below the A Leg before a D Completion
As always entries for BAT is 88.6%
Targets are the 38.2% and 61.8% FIB RET
Stops depending on your rules I set mine at a certain FIB % above or below the X Leg
Enjoy