There's a strong resistance at this level where several pattern's are colliding for bearish movement
MACD 4C shows divergence and EMA's indicate double top
Good Trading. -1h Chart
MACD 4C shows divergence and EMA's indicate double top
Good Trading. -1h Chart
Trade active
MACD 4C was correct with divergence and got a bearish impulse right away.At this point 2nd TP of this Gartley has been completed, we can expect some type of pullback or retracement for bearish continuation or if price is strong it can continue bearish.
Good Trading. - 1h Chart
Note
Third TP reached.Expect retracement or some type of consolidation
Good Trading. -15min Chart
Note
Bullish retracement has happen and now expect bearish continuation.Good Trading. -15min Chart
Note
Double TopGood Trading. -15min Chart
Trade closed: target reached
Trade has been completed.Good Trading. -1h Chart
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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.