On a higher time frame we can see that the market has broken below a significant level of support. Hinting a strong medium term bearish trend.
There is a potential opportunity to jump on this trend with this gartley pattern completing at the ratio confluences of 0.786 and 1.272.
The RSI is also signalling a strong divergence with the market.
Stops and targets are shown on the chart.
There is a potential opportunity to jump on this trend with this gartley pattern completing at the ratio confluences of 0.786 and 1.272.
The RSI is also signalling a strong divergence with the market.
Stops and targets are shown on the chart.
Trade closed: target reached
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.
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.