Ive noticed this pattern on the daily ECAD chart,
Im looking for a retranchement into the daily imbalance of July 6th , since all other imbalaces have been filled.
the r:r is not bad at all, and worth a shot.
If price doesn't retrace that far, I would wait for either a break of the low of the pattern, or a break of the high, and then implement the teacup rules. ( size of cup is TP target, SL just below the handle. )
any thoughts or comments are welcome :)
thnx
Im looking for a retranchement into the daily imbalance of July 6th , since all other imbalaces have been filled.
the r:r is not bad at all, and worth a shot.
If price doesn't retrace that far, I would wait for either a break of the low of the pattern, or a break of the high, and then implement the teacup rules. ( size of cup is TP target, SL just below the handle. )
any thoughts or comments are welcome :)
thnx