- Point-B validated (?)
- Point-C must reach the 38. 2% retracement of AB leg but not exceed 88.6%
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Gartley Pattern:
Point-B | 61.8% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 78.6% of XA
PRZ | 127.2% - 161.8% of BC
- Point-C must reach the 38. 2% retracement of AB leg but not exceed 88.6%
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Gartley Pattern:
Point-B | 61.8% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 78.6% of XA
PRZ | 127.2% - 161.8% of BC
Note
Harmonic Gartley invalidated.- Point-B reached 78.6% retracement of XA
Note
Bearish butterfly instead?
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.
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.