If we push down to the D completion zone then there's a potential Gartley pattern for a long position. I need price action to push slightly below the official D point, so I can have a Risk/Reward ratio of 1:1, otherwise it'd be inverse and that'd invalidate the trade for me. In the CD leg of the pattern, there could be an AB=CD equal-measured move forming.
Once price is in that zone, I need RSI to be oversold and I'll need my entry criteria met to enter this trade.
I'll be keeping my eye on this one.
60M chart
Target 1 at the 38.2% retracement of AD.
Stops at 113% inversion of AXA.
Once price is in that zone, I need RSI to be oversold and I'll need my entry criteria met to enter this trade.
I'll be keeping my eye on this one.
60M chart
Target 1 at the 38.2% retracement of AD.
Stops at 113% inversion of AXA.