At the end of a Gartley extending 1 to 1 we find a bearish engulfing with a reasonable risk reward ratio to the initial support target. But could go to push even lower if the rythm of the actual upside trend continue at least for other similar gain.
Supporting the bearish engulfing:
1) close below the last high (of the first impulse of the gartley to the upside)
2) clear divergence in the actual upside movement confirmed by
3) a break of the upside trend line
Supporting the bearish engulfing:
1) close below the last high (of the first impulse of the gartley to the upside)
2) clear divergence in the actual upside movement confirmed by
3) a break of the upside trend line
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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.