Gartley pattern / Long setup on this oil tanker company

If the economy starts booming again, we shall see this Oil tanker company raise in value.

So I am looking to go long at the C point around $4.23 with a tight stop loss if we break the support.

Take profit target is on chart, which corresponds to the top of the channel. If this scenario plays out, I'd look for a short next.

Komentar:

I'm stating the obvious here, but there are large wicks on this chart so manage your risk accordingly.

Komentar:

Today was the dip. Just as I expected !

Trading ditutup secara manual:

Pattern didn't complete, international situation is not clear so better close this one.