This pattern's already complete and already have the Type-I reaction, now we have to look for the Type-II reversal so we can short it.
And we also have some of the steps that we had to wait already completed, that being said let's go to the rules (This pattern I found in formationseeker.com).
Rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - Done;
4. Terminal Bar - Done;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Done;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" For we are God's handiwork, created
in Christ Jesus to do good works,
which God prepared in advance for us to do."
Ephesians 2:10
And we also have some of the steps that we had to wait already completed, that being said let's go to the rules (This pattern I found in formationseeker.com).
Rules:
1. Harmonic Pattern Completion - Done;
2. PRZ Hit - Done;
3. PRZ Test - Done;
4. Terminal Bar - Done;
5. RSI Reversal Sign - Done;
6. Candlestick Reversal Sign - Done;
7. RSI Confirmation Sign - Waiting;
8. Candlestick Confirmation Sign - Waiting;
9. Risk Management - Applied;
10. Risk / Reward - 1/3.
" For we are God's handiwork, created
in Christ Jesus to do good works,
which God prepared in advance for us to do."
Ephesians 2:10