#US30 … shortterm long trade.
*Informational only, not a recommendation to buy or sell anything.
Point A = divergences between indicators, low is formed
Point B = intermediate high at 61,8% and 88,6% (=different scales)
Point C = higher Low at 88,6% (confirmation at lower scales)
Entry at 23.764
Initial stop at 23.338
first target = intermediate high at 25.273
second target = possible harmonic (not ideal) pattern at 25.925
third target = reciprocal ABC at 26.470 = target of rounding formation (15m chart)
=>partial closing of position at target-points or stopped- out
US30 4H chart
US30 15m chart