Short Position: The Gartley pattern just completed, giving us a high probability trading opportunity. This is supported by: * The fact that the gartley pattern completed at the down rending resistance line * Completed at our upper the long term structure
Double top with bearish divergence of the RSI just completed, its time to go short now. . . .as I open my trade
Go short when the price retest the resistence level of 4232 and the target price is 4106
Nice Gartley Pattern (1 hour Pattern)
Gold is developing a very nice cypher pattern in a daily chart. Currently Gold is trading at 1270.85 and RSI of 35.15 level (almost oversold), should Gold continue to weaken to the range of 1238 and 1200 (at this level the RSI is likely to be at around 30 - Oversold), the cypher pattern will be completed and giving us a very nice high probability trading...
Gold is developing a very nice cypher pattern in a daily chart. Currently Gold is trading at 1270.85 and RSI of 35.15 level (almost oversold), should Gold continue to weaken to the range of 1238 and 1200 (at this level the RSI is likely to be at around 30 - Oversold), the cypher pattern will be completed and giving us a very nice high probability trading...
Possible Gartley Pattern long position at 1.354 and target price of 1.356 Stop loss: 1.35281