2-Day Perspective XABCD Pattern with Fibo ratios
Updated
Hi traders. This Is my overview for a hypothetical price action for this trend and the next two days based on the Fibonacci ratios principles in a possible ABCD pattern. Therefore, in this scenario, we're in an BC retrace by the next ten hours which anticipates an CD upward to finishes a BEARISH Gartley Pattern XABCD, which a previous rule Is an AB swing retracing either 68.1% of the XA swing. Furthermore, CD swing Is aiming the potencial reversal zone PRZ (51-52k range) at supply area (above 52k). Patience Is needed for a confirmation. I marked this sector in grey to indicate a don't-trade zone. A long opportunity Is possible through the CD trend. Thanks for the attention.☕ If you liked my analysis, press like button.
Note
Related publications
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.