EURJPY Bearish Gartley Pattern
Point d on the harmonic.
it touching the 0.886 level on fibonacci
Right now the price is touching the 0.707 level on Fibo
Drawn from x to a.
i could see the price go back to 134.200 ish.
Which is 0.786 level on fibonacci, before going further down to 123.550 ish.
Second scenario will be that the price will go further down to around 129.250
that is 0.383 on fibonacci drawn from c to d.
before reversing to around 134.200. than going down to the 123.550 Price level
There is also a small hidden Bullish divergence.
Look at the green lines, in the chart and the RSI.
SL: 135.030 ish.
it touching the 0.886 level on fibonacci
Right now the price is touching the 0.707 level on Fibo
Drawn from x to a.
i could see the price go back to 134.200 ish.
Which is 0.786 level on fibonacci, before going further down to 123.550 ish.
Second scenario will be that the price will go further down to around 129.250
that is 0.383 on fibonacci drawn from c to d.
before reversing to around 134.200. than going down to the 123.550 Price level
There is also a small hidden Bullish divergence.
Look at the green lines, in the chart and the RSI.
SL: 135.030 ish.
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.