BCPTETH (15m) - Formation of Bearish Gartley Pattern
Updated
BCPTETH shows formation of Bearish Gartley Pattern (Red in color)
After reaching above 618 retracement of AB leg, it is expected to fall to 127 extension of AB leg.
This 127 extension also shows previous structure support in this area.
While 886 retracement of previous longest leg also falls on 127 extension which creates another ratio confluence.
While harmonic move white arrow also matches in length to the 127 extension from previous structure high.
RSI indicator showing pair is overbought.
Target to Buy - 0.00088 eth
After reaching above 618 retracement of AB leg, it is expected to fall to 127 extension of AB leg.
This 127 extension also shows previous structure support in this area.
While 886 retracement of previous longest leg also falls on 127 extension which creates another ratio confluence.
While harmonic move white arrow also matches in length to the 127 extension from previous structure high.
RSI indicator showing pair is overbought.
Target to Buy - 0.00088 eth
Trade closed: target reached
Buy order executed
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