Very nice Risk/Reward, Targets at strong Fib confluence and potential harmonic move, although this may be one trade to keep.
Trade active:
In the trade from the PROPER .618, re-entered after being stopped out first.
This is what happens when you do your analysis incorrectly.
Placed the fib wrong, not measuring from the top (which is precisely where the move actually begins) Same goes for the purple arrow. Didn't wait for the pattern to confirm itself by breaking either.
Hope this helps all of us improve.
In the trade from the PROPER .618, re-entered after being stopped out first.
This is what happens when you do your analysis incorrectly.
Placed the fib wrong, not measuring from the top (which is precisely where the move actually begins) Same goes for the purple arrow. Didn't wait for the pattern to confirm itself by breaking either.
Hope this helps all of us improve.