XAG/USD - Bullish Gartley
Updated
There are some amazing setups forming on the charts, here we have XAG/USD on the 4h chart with a bullish gartley.
Price is currently completing the C to D leg, one to watch going into next week.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Thank you to all supporting my ideas :)
Price is currently completing the C to D leg, one to watch going into next week.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Thank you to all supporting my ideas :)
Comment
RSI is showing signs of divergence in the PRZ.Comment
Price is now sitting on support, looks ready to break.We will more than likely see a stall out on the trendline where the gartley pattern completes.
Comment
Support broke earlier today, looking to go long upon completion of the pattern.Comment
Here is my view on the daily chart, there are no reversal signs right now, the impulse from C to D is aggressive, I'm looking for the move to stall upon reaching support at the trendline.Comment
To those still holding, you can close your position.Trade closed: target reached
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