Disliked{quote} My rules I need precise 50, pushing the envelope there. But willing to look at the 886 as high probability for a pullback. GJ and UJ completed ab cd and did offer pb trade. Key here is pb(pullback). Is ok offers nice r:r but still pb. When we spoke she was shy of the 786. Now we are at dt(double top) and structure but no pa yet. What is your expectation here? This could become key area.Ignored
thanks for sharing your advice. I am still a bit confused why the reversal failed for GJ.
the area of ~ 168.5-168.8 should be in a strong confluence:
1. previous low structure on 13 Jan 2016. (pink ellipse)
2. 61.8%~78.6% retracement of the blue ABCD (blue rectangle)
3. finishing point D of the orange bearish BAT pattern (green rectangle)
but GJ still broke this area and shoot up till 170+, could you tell from and price action point of view to explain this failure? appreciate you could shed some light