Arthur10
Bullish Gartley coming in at strong support, great long opportunity. Trade with care.
Wait for price to confirm the resistance at 382 and then short. Continue bearish trend with room to move down. - oversold rsi - fibonacci confluence in the killzone - 382 comes in at prev structure
After breaking several structure levels, i began to analyse this chart with a bearish motive - the kill zone in red has been drawn after finding ratio confluence and ABCD harmonic move. Stops above the kill zone and structure; target 1 @ fibonacci ratio 382. already in profit
Based on the basic RSI trend-line break strategy, it seems to be a good idea to hold on before going short due to an imminent rally. Oversold conditions indicate that the rally is very soon, so check your RSI trend lines before entering a short position.