Trading Strategy - The strategy involves identifying reaction levels after a retest, potentially following the New York open, with the expectation of a downward movement [1] - Multi-time frame analysis is used to trail the trade [1] - The strategy utilizes Elliot wave patterns to identify potential trading opportunities [1] Risk and Reward - The trader initially risked $1,000 with a target of achieving a 14x return, aiming for $14,000 in profit [2] - The trade was closed with a profit of $7,300, indicating a successful risk-reward outcome [2] - The strategy involves allowing trades to "breathe" or fluctuate to potentially achieve larger gains [2] Technical Analysis - The analysis suggests a potential test of a fair value gap area at the 2618 level, based on a 1618 level hit at point three [2]
absolutely cleaning up ๐ (+$7,000 In Profit)
Craig Percocoยท2025-09-16 02:47