AUS200 Potential Gartley (short term) Next weekAustralian Stock Market is closed for the weekend.
We have a potential c-d leg of a Gartley pattern that could happen next week.
If it reaches the D Leg at around 5811 to 5817 and holds, or show signs of reversal. It is also in an extreme zone where the price will also be in the range of the highest High on the Daily Chart.
We will anticipate a short term sell, however, if price breaks and close over 5820. We will not take the trade, however, be more patience and aim for a bigger short on the Weekly Chart.
No pending order at this stage, it will be on the watch list for next week.
