Price is about to form a potential double bottom at structure. We also have a 38.2 fib confluence with the structure level.
Would've liked to see an ab=cd and/or more fib levels confluencing, but this is all I can spot at that level.
Should the double bottom fail, we also have a Gartley pattern forming a little lower.
Always conduct your own analysis before placing a trade.
Would've liked to see an ab=cd and/or more fib levels confluencing, but this is all I can spot at that level.
Should the double bottom fail, we also have a Gartley pattern forming a little lower.
Always conduct your own analysis before placing a trade.
Trade active
On the gartleyTrade closed: stop 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.