Potential Bearish Gartley set up.
1. Price needs to move into the PRZ in order for this move to be valid.
2. Confluence of 0.786 retracement of XA and 1.272 extension of AB.
3. Confluence of a down trend
4. Further confluence since the PRZ lines up with previous support/resistance.
I am paying close attention to the PRZ and looking for supporting price action.
1. Price needs to move into the PRZ in order for this move to be valid.
2. Confluence of 0.786 retracement of XA and 1.272 extension of AB.
3. Confluence of a down trend
4. Further confluence since the PRZ lines up with previous support/resistance.
I am paying close attention to the PRZ and looking for supporting price action.
Order cancelled
Pattern invalidated, C extended past A
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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.