Long

ETHUSD Gartley for the ETH heads out there; get excited

Updated

OK Gartley pattern setting up very nicely. D at 78.6 is the next logical place for price to go following this little bounce, when it gets there it will find weekly S3, missed Monthly Central Pivot from January (important that price takes this out before heading higher) and it will also have taken out missed weekly from 5 weeks ago. Once that happens the upside target is previous B C leg which is around 80% higher.

Will update once price gets closer!

Note

ETH is doing its thing... approaching Target 1 which is 1000$ (B C leg of Gartley), stop should already be at entry. one thing to keep in mind is the missed weekly pivot to the down side so ou may want to take profit at 1000$

Trade active

ETH bounced nicely off 88.6 and went up by circa 70%, not its having a small pull back, my guess is at least to the missed central pivot of last week / S2 of this week.

At this point stop should be at break even so you can enjoy a risk free trade.

Gmanns777

Also on:

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.