Disliked{quote} Yes, it was around that time. Thanks for the explanation, I am still learning how to read charts, this really helps. As you said, should have entered about 30 minutes earlier, when it broke through the 62% level. Instead, I entered after it came back down from 100% and bounced of the 62. Had the trend continued up, I should have entered again when it broke 100, right? As that level acted as resistance in the previous high?Ignored
If the pattern completes at 1:1 or 62% completion watch if you get an ichimoku cross going the other way. If the push have strength going more than the 1:1 move of the pattern completion the goons who moved it really means business and there's a good change it will pull back a little then keep going higher. But, during news time this does not apply as sometimes it pushes really hard then reverse really hard. But as for me, I am able to determine if the goons will keep it going or reverse it the other way during news time. Well, I can't show all my secret right hah hah.
Good luck
Be like water go with the flow