Waiting for UJ set up, bearish Gartley.
Revision from my last markup, I see a bearish gartley forming, and based on the previous, larger TF BOS, I am targeting the zone between 109.630 and 109.900 as the D point of the gartley. I would expect to see a bearish engulfing in that region. As for now, watching for a fib retracement, retest, of the most recent bullish PA. Admittedly, I had not seen this previously, or taken into consideration a larger ascending trendline.
I think this has potential to reverse at the D point also because of the psychological level around 110. Looking for a short opportunity at "D".
I think this has potential to reverse at the D point also because of the psychological level around 110. Looking for a short opportunity at "D".
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.