This shark is a bit overextended, so i didnt trade it right away. but i still like to look for any confirmation that it still might work. After hittin the PRZ we had a pretty solid spike down and now its consolidating into a pennant or possibly a flag formation. Im looking to sell below that with targets at the 38.2 and 61.8 of the full upmove(BC)
Trade active:
entry and stop are both a bit higher targets stay the same.
Comment:
stops to breakeven
Comment:
target 1 hit.
Trade closed: target reached:
took tg2 out at 8086 after a gartley on the 5m had formed and completed there.