EDZ trade ideas
EDZ GartleyIve been wrong a few times on the formation for EDZ but I'm sure this is my final post. A near perfect Gartley has formed with price reversing right at the AB=CD 1.00 projection and a near perfect 0.618 point B. Right now would be a good time to enter the trade since price is retesting the PRZ. I'm trading this one.
EDZ butterfly with stoch divergence.I might be wrong with the categorization as a butterfly since AB doesnt hit 0.786 of the XA fib. It could be a bat that price went through its PRZ and continued on. That being said there is a divergence from the Stochiastic. I think a reversal is imminent, my gut says that price wont move all of the way to the 1.272. My gut tells me it may just barely pierce the PRZ.