Hello traders!
I have spotted and interesting opportunity to sell intraday. There's a Gartley pattern in formation (and I believe it'll extend to 0.886) in which the CD leg also completes an AB=CD pattern on ratios 0.704:1.44. This is a medium high harmonic pattern. It's highly probable that it'll hit TP1 from my perspective. TP2 could happen, but TP3 could be so much to ask. This is a reversal, so stick with TP1 if enter this way or planning into go short with another strategy. Good luck in the markets and also wait for the price to completely the pattern. Normally Gartley pattern's entry is at 0.786, but the AB=CD is telling me that it could go further into 0.886 of the movement.
Do you have any other ideas? Let me know in the comments.
I have spotted and interesting opportunity to sell intraday. There's a Gartley pattern in formation (and I believe it'll extend to 0.886) in which the CD leg also completes an AB=CD pattern on ratios 0.704:1.44. This is a medium high harmonic pattern. It's highly probable that it'll hit TP1 from my perspective. TP2 could happen, but TP3 could be so much to ask. This is a reversal, so stick with TP1 if enter this way or planning into go short with another strategy. Good luck in the markets and also wait for the price to completely the pattern. Normally Gartley pattern's entry is at 0.786, but the AB=CD is telling me that it could go further into 0.886 of the movement.
Do you have any other ideas? Let me know in the comments.
