DislikedMr Pip ,
This AB=CD only just touches the 38.2, would you see this as a valid set up, Is it a trade you would consider, does the retracement level indicate more bearish strength and less likely to reverse, I like the confluence , the only thing I don't see is structure and question that if price action shows an entry at this PRZ where to put my stop?
AttachmentIgnored
Think of it as harmonics and ratios as a map and price being a car. The map identifies the roads but the car still have to navigate and make the turns.
If you fail to plan, you plan to fail.