Bullish Gartley Harmonic Pattern - OMG/BTC (Bittrex)

A distinct bullish Gartley pattern is nearing completion. Note the .618XA @ midpoint B, and the convergence of AB=CD, the 1.272BC Projection, and the .786XA in the PRZ. A conservative entry here yields a healthy 2.8:1 reward:risk at the first profit target, and a 77% gain at target two. To enter this trade, price must confirm a reversal in the PRZ, at completion of the pattern.

This pattern should complete within 24-48 hours.

Yorum:

After running into resistance at point C, the .786AB, OMG began correcting towards its short-term trend line. A break of support at 140k sats should begin a sell-off towards completion point D.