Bearish Gartley completion at 1.272 ext of AB leg chosen as closer to X (78.6 retrace of XA was too far from this confluence).
HTF - 38.2 retrace of larger move
Previous minor and major structure support / resistance
Identified on 240 but on 60 minute there's bearish divergence on RSI and went oversold on previous (lower) high.
Stop loss at 1.13 of XA
TP1 38.2 of AD
TP2 61.8 of AD
HTF - 38.2 retrace of larger move
Previous minor and major structure support / resistance
Identified on 240 but on 60 minute there's bearish divergence on RSI and went oversold on previous (lower) high.
Stop loss at 1.13 of XA
TP1 38.2 of AD
TP2 61.8 of AD
Trade closed: target reached
Target 1 reached. Stopped out at breakeven for second position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.