almost completed bearish abcd pattern + structure

Aug 30, 2018

hey traders,

bearish abcd pattern is on my trading radar this Thursday morning.
from 15 to 22 August we've seen a strong bullish impulse following by two days correction.
What I've done is I have projected the length of this impulse from the low that the market
established 24th of August.
It gives us a potential harmonic bearish abcd pattern.
(Also, take into account that D point matches with structure and fib zones.)
I will anticipate seeing the retracement as the market reaches a potential reversal zone.
I have marked a potential reversal zone so you could properly set your entry point.

stop goes at least 1.32
target is based on a length of BC leg.

Good luck!

Sep 3, 2018

Trade closed: target reached