Gartley 222 or ABCD at 78% retracement
I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end.
Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there.
The fans of harmonic patterns can recognize this structure as a Gartley 222.
Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there.
The fans of harmonic patterns can recognize this structure as a Gartley 222.
Order cancelled
The idea is no longer valid, there was a Spring action last night.
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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.