Possible Gartley Sell Pattern if price reverses @1.1369
- Initial target at 1.1156
- The current consolidation could be wave B and still room for wave C to the down. The over lapping wave pattern suggests we are still in corrective phase.
5 Mins chart showing divergence indicating the move upwards could be terminated @1.1369
Alternatively
If the price breaks through 1.1369 and 1.1423 the target upwards is 1.1493 (Fib expansion of wave X and A) to complete wave 5
- Initial target at 1.1156
- The current consolidation could be wave B and still room for wave C to the down. The over lapping wave pattern suggests we are still in corrective phase.
5 Mins chart showing divergence indicating the move upwards could be terminated @1.1369
Alternatively
If the price breaks through 1.1369 and 1.1423 the target upwards is 1.1493 (Fib expansion of wave X and A) to complete wave 5
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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.