The price it's already in the PRZ of the pattern,
but it's still in the test process of all of the reversal sign and then we can look for confirmations signs.
But we should wait for the entire PRZ to be tested so then we can look for a trade if it shows a clear edge to thinking about trade.
We have a gap and a resistance zone that the price is testing right now,
and gaps has to be fulfilled that's the theory and and I believe this is going to happen here and that will make the Us30 fail slightly,
let's follow the rules and wait for the trigger.
1. Harmonic Pattern Completion Structure - Done;
2. PRZ Hit - Done;
3. PRZ Test - In the process;
4. Type-1 Reaction - Waiting;
5. Type-2 Reversal - Waiting;
6. Terminal Bar - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" A soft answer turneth away wrath. But a
grievous word stirreth up anger."
Proverbs 15:1
but it's still in the test process of all of the reversal sign and then we can look for confirmations signs.
But we should wait for the entire PRZ to be tested so then we can look for a trade if it shows a clear edge to thinking about trade.
We have a gap and a resistance zone that the price is testing right now,
and gaps has to be fulfilled that's the theory and and I believe this is going to happen here and that will make the Us30 fail slightly,
let's follow the rules and wait for the trigger.
1. Harmonic Pattern Completion Structure - Done;
2. PRZ Hit - Done;
3. PRZ Test - In the process;
4. Type-1 Reaction - Waiting;
5. Type-2 Reversal - Waiting;
6. Terminal Bar - Waiting;
7. Candlestick Reversal Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. RSI Reversal Sign - Waiting;
10. RSI Confirmation Sign - Waiting;
11. Risk Management - Applied;
12. Risk / Reward - 1/3.
" A soft answer turneth away wrath. But a
grievous word stirreth up anger."
Proverbs 15:1