Would be almost a perfect bearish gartley if it reacts at the PRZ around 7407...
That would mean though that the down trendline over the last to highs would be broken, keep that in mind...
I'm watching 7350 first (trendline), then the Gartley B and then ultimately the Gartley D around 7407 with possible re-entry arouond 7426 and last call at the high around 7449... Stops remain unchanged from last idea. If it continues up from there then we must first look for completion of another 5 waves to look for shorts again...
That would mean though that the down trendline over the last to highs would be broken, keep that in mind...
I'm watching 7350 first (trendline), then the Gartley B and then ultimately the Gartley D around 7407 with possible re-entry arouond 7426 and last call at the high around 7449... Stops remain unchanged from last idea. If it continues up from there then we must first look for completion of another 5 waves to look for shorts again...
Note
Forgot to update this..., the pattern did its job perfectly...For those who took it: watch it now, take partial TP at least...
Updated situation:
Note
Longterm traders keep all shorts until at least TP1 for the large Crab.Note
How about that folks!And TP1 for the Crab was hit!
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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.