In the short term the Bears have allowed the Bulls to take control.
After resisting the Bulls at the 61.8% level but not managing to create a new low, the Bears have now eased off.
With the B point set perfectly at the 61.8% level the Bears will look to take back control at the D point (78.6%) of the Gartley .
ENTRY: - 1.20548
STOP: - 1.20625
TP1: - 1.20394
After resisting the Bulls at the 61.8% level but not managing to create a new low, the Bears have now eased off.
With the B point set perfectly at the 61.8% level the Bears will look to take back control at the D point (78.6%) of the Gartley .
ENTRY: - 1.20548
STOP: - 1.20625
TP1: - 1.20394
Order cancelled
bears pushed price below the A point invalidating the structure
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Related publications
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.