GARTLEY NEAR RESISTANCE LEVEL
Hello traders! We have a Bearish Gartley developing near a resistance level that presents a possible short for a pullback. This is an idea not a signal as price action should be monitored for signs of reversal. The B point is at a precise .620 which is well in range of the required .618 for this pattern. Our D point completion will be at the resistance which correlates with the right shoulder of this area. We will see how price reacts to this D point if this pattern completes for a possible short opportunity.
Traders should not predict the market but react from it. Trade smart, don't gamble!
Traders should not predict the market but react from it. Trade smart, don't gamble!
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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.