Possible Gartley Sell Pattern if price reverses @1.1369
- Initial target at 1.1156
- The current consolidation could be wave B and still room for wave C to the down. The over lapping wave pattern suggests we are still in corrective phase.
5 Mins chart showing divergence indicating the move upwards could be terminated @1.1369
Alternatively
If the price breaks through 1.1369 and 1.1423 the target upwards is 1.1493 (Fib expansion of wave X and A) to complete wave 5
- Initial target at 1.1156
- The current consolidation could be wave B and still room for wave C to the down. The over lapping wave pattern suggests we are still in corrective phase.
5 Mins chart showing divergence indicating the move upwards could be terminated @1.1369
Alternatively
If the price breaks through 1.1369 and 1.1423 the target upwards is 1.1493 (Fib expansion of wave X and A) to complete wave 5