Theoretically, this bullish Gartley (red) and this ABCD pattern, the maximum limit can rise to around 2W, but the potential bearish Gartley pattern appears in the big cycle, indicating that the upward pressure is obvious and we need to be vigilant, and the price may fall at any timehttps:///x/vDp4W9KX/
Note
There is also a potential pattern here. It can be a bearish shark pattern or a 5-0 bullish pattern. Because the market has not finished yet, theoretically the maximum operating range of D point is 161.8~224% BC Fibonacci , But it is also very likely that the price cannot reach here, because the upper part is the strong pressure area of the previous high point, and the big cycle also nests a bearish Gartley pattern; if the price falls, then you need to pay attention to point B in the future, if it is a 5-0 rise Pattern, then the price is likely to reverse here, otherwise, it is a bearish shark pattern
Note
Regardless of whether it is a bearish shark pattern or a 5-0 pattern, then its theoretical maximum running distance is 224% of B-C Fibonacci, it's definitely not reaching the 20K price.
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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.