Gartely pattern with a 1:1 ratio between the AB and CD legs. Very tight confluence area between the 0.786 retracement and 1.272 extensions, which will be my entry point and is indicated by the blue area. A relatively high RSI indicates that there is room for a short-term move down.
Nice little potential day trade here for Monday.
I usually stick to FX but worth trying a few stock indices as well.
Nice little potential day trade here for Monday.
I usually stick to FX but worth trying a few stock indices as well.
Trade closed: target reached
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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.