The price reversal zone is between 534 & 562
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed above X leg .
Target 1 - 459
Target 2 - 413
(When looking to take targets on the Setup the first step is to use your tool. With your tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%. )
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.
Trade with Care
if price action not good and setup fails, upward trend will continue & we can join with the trend.
note : breakout will be confirmed only if the price break the PRZ ( not only the trend line) -- i.e Harmonic pattern will be used to identify false breakout.