Short

Possible Bearish Gartley forming again

Updated

There was a Bearish Gartley before the big drop yesterday.
Rise to 9650 is possible but it looks like there will be another drop from that point. So it may be temporarily bullish until 9650 which is also very close to a Fibonacci level
The short term trend line was slightly pierced but the 4hour closing price was above the trend line causing a short term run up. The Head and Shoulder pattern was temporarily rejected but another test is also possible.

Note

Head and Shoulder was tested again and finally dropped liked a rock

GaZaa82

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.