Ok.... If Gchf is making a running flat, it will not come up to hit the cypher pattern
to double top
, which I wouldn't expect wave wise. It is in a strong downtrend. It can come up more, not saying it can't, but it cleared out that news move real fast and looks to have made a flag... My point is, if it did do a running flat, I would expect the next wave to come down to low (grey line)consolidate a wave 4, then continue downtrend. There are different ways to do it. Swinging for the fences isn't always the best way. You could set a sell stop under. I should have nailed entry at top london close but was looking at something else.