A Pattern Based trade setup for short/sell
A completion of bearish deep gartley pattern for a short/sell opportunity. Trade with care.
Deep Gartley Pattern:
XApt - First market swing/leg
ABpt - 61.80% ret > 78.60% ret XA leg
BCpt - 38.20% ret > A point of AB leg
Dpt completion - 127.20% extension of AB leg - ENTRY
SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1.
TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).
Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
Deep Gartley Pattern:
XApt - First market swing/leg
ABpt - 61.80% ret > 78.60% ret XA leg
BCpt - 38.20% ret > A point of AB leg
Dpt completion - 127.20% extension of AB leg - ENTRY
SL level: above/below the pattern's X point as we could determine it as a good support or resistance zone/level or with a good 1:1 Risk:Reward Ratio prior form the price completion (entry) to TP 1.
TP level: TP 1 on 38.20% AD leg, TP 2 on 61.80% AD leg and for TCT (trend continuation expect a formation of new highs/lows so on the recent lowest/highest price swing of the market structure (pattern).
Disclaimer: Caveat, trade at your own risk. Trades are subject to be at risk and money manage with different objective as yours. I will not be held responsible for any losses that occur in your account. You and you alone are responsible for deciding if you are comfortable accepting the risk involved in trading the Financial Market.
Yorum:
Price reacting (closing) below the 127.27% fibo giving us also a valid C point of a potential bullish cypher as well. We will see.
Yorum:
CRT application:
