Hi Traders,
I spotted this "perfect" Gartley a bit too late today, as the pattern has already completed. I just recently exited my positions on a 2618 long to this level, so my attention was not all focused on the next opportunity. Regardless, the pattern has completed at 102.200 and is a valid trading opportunity for me. I have placed my order at the completion point. If the market moves down without me before moving up to entry that will be my own fault for missing a trade.
Trade details:
Entry: 102.190
Stop: 102.900
Target 1: 101.520
Target 2: 100.980
Best of luck for the week ahead.
P.s. I call this Gartley "perfect" because the b point is a 61.8% retracement of XA, and the c point is a 61.8% retracement of the AB leg. Perfect alignment!
Luke
I spotted this "perfect" Gartley a bit too late today, as the pattern has already completed. I just recently exited my positions on a 2618 long to this level, so my attention was not all focused on the next opportunity. Regardless, the pattern has completed at 102.200 and is a valid trading opportunity for me. I have placed my order at the completion point. If the market moves down without me before moving up to entry that will be my own fault for missing a trade.
Trade details:
Entry: 102.190
Stop: 102.900
Target 1: 101.520
Target 2: 100.980
Best of luck for the week ahead.
P.s. I call this Gartley "perfect" because the b point is a 61.8% retracement of XA, and the c point is a 61.8% retracement of the AB leg. Perfect alignment!
Luke
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Not so "perfect" a result... ;)