Earlier this this month i drew this Pattern and have been waiting on the completion of it. The pattern is complete and the blue line represents the make or break point of the pattern. if a candle closes below the blue line the pattern is invalidated. i put a note stating I'm waiting on a complicated structure to form to justify the entry. we are now forming that structure. we want to wait for the a candle to close above the Mid-point before entry. Be wary of the 50% retracement of this pattern as this is the deciding point for the shark to turn into a bearish 5-0 pattern.
Kommentera:
Any candle closure in this area will invalidate the pattern... price may reverse and go up but per the strategy the pattern is void
