A bearish gartley is very close to completion @ structure. The RSI is also indicating an oversold status. Put the stop loss nicely above the impulse leg of this pattern and very little can go wrong. The risk reward ratio is approx 1.5:1 for the first target and larger than 2:1 for the second target.
**** UPDATE ****
The market decided not to respect this pattern and it failed
Erase & Rewind ... up to the next opportunity
**** UPDATE ****
The market decided not to respect this pattern and it failed
Erase & Rewind ... up to the next opportunity
Check out my FREE indicator scripts:
► tradingview.com/u/Profit_Through_Patience/
► tradingview.com/u/Profit_Through_Patience/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Check out my FREE indicator scripts:
► tradingview.com/u/Profit_Through_Patience/
► tradingview.com/u/Profit_Through_Patience/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.