POSSIBLE GARTLEY PATTERN IN UTX- SHORT
Updated
THE UTX PRICE HAS SHOWN DIVERGENCE WITH THE MOMENTUM AND BROKE THE TREND LINE DOWN . IN ADDITION, UTX PRICE CLOSED TODAY BELOW SMA 50.
THE FIBONACCI TARGET AT 61.8% IS 113.97 AND A SECOND TARGET AT 78.6% RETRACEMENT IS 111.82
THE STOP LOSS IS SET UP AT 120.50
THIS IS ONLY FOR EDUCATION PURPOSES.
GOOD LUCK!!!
https://www.tradingview.com/chart/U22Zlu0v/
THE FIBONACCI TARGET AT 61.8% IS 113.97 AND A SECOND TARGET AT 78.6% RETRACEMENT IS 111.82
THE STOP LOSS IS SET UP AT 120.50
THIS IS ONLY FOR EDUCATION PURPOSES.
GOOD LUCK!!!
https://www.tradingview.com/chart/U22Zlu0v/
Note
POSITION CLOSE, HIT THE STOP LOSS
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