So i always look at the larger Harmonics first and then see how I can get in on the trade and ride it to its completion. You will often find that there will be smaller harmonics playing out the larger ones which give you an opportunity to enter the market. So we have a bullish Crab as the larger harmonic and a bearish bat possibly playing out. Proper risk management is always needed . I have a sell limit at my 200 ema although price may spike up and to the 88.6 D point of my B. So I have my stop loss above the previous high to give the market room to breathe and move about.
You can use price action to enter a buy on this and ride this to the D point and then take the train ride back all the way down. The down pipage is over 500 pips. Never risk more than you are willing to lose but let's get these pips
You can use price action to enter a buy on this and ride this to the D point and then take the train ride back all the way down. The down pipage is over 500 pips. Never risk more than you are willing to lose but let's get these pips