Pro:
1. A Gartley (AB=CD) completion
2. Top of down trending chanel
3. Breakout area of previous Double Top formation, which has not reached a 1:1 measured move target yet
4. We have end of May
Contra:
1. The previous Double Top breakout area has been tested twice and we had a breakout to the upside. (Blue Triange)
Conclusion: This is perhaps not(!) a high probability trade,
but therefore we have a 5:1 R/R ratio.
1. A Gartley (AB=CD) completion
2. Top of down trending chanel
3. Breakout area of previous Double Top formation, which has not reached a 1:1 measured move target yet
4. We have end of May
Contra:
1. The previous Double Top breakout area has been tested twice and we had a breakout to the upside. (Blue Triange)
Conclusion: This is perhaps not(!) a high probability trade,
but therefore we have a 5:1 R/R ratio.
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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.
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.