Price has currently printed a Gartley Pattern. To the left a larger similar pattern was formed with price retracing to the midpoint of the M. I'm looking to take advantage of the same thing happening again, however, I'd like to see some decrease in momentum before I enter.
There is also possibility for price to continue downwards toward the red area, and even towards the trendline at -0.618 (1.52325) THEN make a retrace. Patience will be key.
There is also possibility for price to continue downwards toward the red area, and even towards the trendline at -0.618 (1.52325) THEN make a retrace. Patience will be key.
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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.