2GO is potentially forming a toppish/reversal pattern with a Shooting Star candlestick pattern (requires confirmation). This reversal pattern is in confluence with the PRZ (Potential Reversal Zone) of a Bearish AB=CD harmonic pattern.
Trading Plan
- Avoid for now and monitor for a confirmation of the reversal pattern.
- If previously trading the rally, scale down position or take some profit on confirmation of the bearish candlestick pattern. Profit run the rest of the position with trailing-stop.
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