Potential Ending Diagonal
Ending diagonal within an ending diagonal ? Has the little one finished and/or will the larger one complete. In which case
you can trade the A = C --- 94.16 --- also the 50% retracement from the top at 95.70 OR lower your risk by waiting to trade
the top of the trend line at 5 OR if that all misses set a stop limit for the breakdown below 93.80.
To me this looks pretty good with the overthrow of the channel lines: very common with an ending diagonal.
Of course, this can make stop placement a bit of a challenge so be prepared to stop out and reenter or set
a lot of leeway for some sloshing around.
you can trade the A = C --- 94.16 --- also the 50% retracement from the top at 95.70 OR lower your risk by waiting to trade
the top of the trend line at 5 OR if that all misses set a stop limit for the breakdown below 93.80.
To me this looks pretty good with the overthrow of the channel lines: very common with an ending diagonal.
Of course, this can make stop placement a bit of a challenge so be prepared to stop out and reenter or set
a lot of leeway for some sloshing around.
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