As stated in my previous post:
The US30 seems to have formed an harmonic pattern, in this post I have labeled XABCD as well.
I have started to enter some short trades on an average of 39683, trading CFD based on future pricing with no overnight interest, instead of spot CFDs that might require to pay overnight interest, makes a hell of a difference at least for my strategy .
RR ratio is currently at 2.71 to 1 if you enter at 39412, will look to potentially add more volume to my trade if RSI confirms my idea.
I expect this reversal to be somewhat on the lighter side and a retract on 38.2 % on the AD leg, this will be discussed on a later stage.
The US30 seems to have formed an harmonic pattern, in this post I have labeled XABCD as well.
I have started to enter some short trades on an average of 39683, trading CFD based on future pricing with no overnight interest, instead of spot CFDs that might require to pay overnight interest, makes a hell of a difference at least for my strategy .
RR ratio is currently at 2.71 to 1 if you enter at 39412, will look to potentially add more volume to my trade if RSI confirms my idea.
I expect this reversal to be somewhat on the lighter side and a retract on 38.2 % on the AD leg, this will be discussed on a later stage.