pi14 replies to: Ratios & Harmonics: a Different Way to Trade


{quote} you mean that the correction shouldn’t be that deep because of the projection I drawed with the green arrow?

No, I mean your first trade. You choose to go long in an are where price is very likely to turn to follow the longer term expectation. Your trade could have worked out (for the small 1:1), but it is not an high probabilty trade.
Second trade is more bad luck. However, when I see such bulls candles (although rejected by the bears) after your entry, I would not leave a lot of room and when price remains longer on an area I would bail out. But ok, this is personal preference.

Hope this helps.

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