higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/ support -intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average -looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe -on the shorter time...
My third post: RSI < 40 Support of trendline Potential Gartley Pattern setup. If pattern completes, potential first target, 77.72. I would enter long here despite gartley pattern not completing. Hope you can give me some comments! would love some interaction!
Today we have seen a drop of 2% with below average volume behind it. This indicates to me that this move down is just a small correction and I will look to get a long position from my buy zone which is highlighted green. Quite a simple set up and not much more to say about it!