let see if it will push the price down the trend line again
Target 1 at 38.2% and Target 2 at 61.8% of XA Retracement
*Just my personal interpretation on these charts, make your own analysis before trading.
Bullish Gartley triggered first Target at 38.2. Retracement has possibly now completed with current daily trend line. Coming week will possibly attack Target 2. All in all I guess it is a good chance to start a trade in trend direction.
In my last post (attached link) I mentioned the bearish bat which successfully lead us to the 61.8 retracement of bc of current up leg (visible in daily chart). Guess this week will bring some bullish power. *Just my personal interpretation on these charts, make your own analysis before trading.
still short in dax *Just my personal interpretation on these charts, make your own analysis before trading.
Double Top? Entered short @ 143.877 *Just my personal interpretation on these charts, make your own analysis before trading.
- RSI monthly oversold - RSI daily bullish divergency - 2 bullish harmonic pattern on hourly *Just my personal interpretation on these charts, make your own analysis before trading.
Entered a short position with SL at Gartley´s X which corresponds with fib 38.2 of previous swing retracement.
- fib 61.8 retracement of last down swing on daily chart - 1.618 projection of last down correction on Hourly chart - Double top on hourly chart
First Target @ 9344 second target risk free trade with jump on of possible reversal
Although daily trend is still bullish I am trying to find an entry for next correction. Let us see if it works. In case not I will take next entry chance on hourly bearish Bat. Keep an eye on end of time leg 2 and 1.618 Projection of BC ;-)