Despite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area).
Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade.
Protecting stop at 1 to 1 then and aiming for some runner that really needs to drop to make our RR interesting.
Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade.
Protecting stop at 1 to 1 then and aiming for some runner that really needs to drop to make our RR interesting.