Mr projection for a possible multi trade set up. A Double top has completed with good structure left and Strong RSI divergence. If it shorts could complete a gartley where D point is exactly even with X point= good R/R. buy til .618 to get in on a 2618.
評論
imdbeststocktrader
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The candle at 13:00 is crossing 0.786 retracement of X to A. Pattern is invalidated at B. It is difficult it will play out
jgibs533
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@imdbeststocktrader, That depends on your charting software. I use trading view but before I take a trade I use mt4 to make sure my fib ratios are good and on mt4 it actually misses the .786 just barely. So for me it is a valid gartley so far. That being said if it did hit the .786 it turns into a valid butterfly with a perfect even with x leg d completion.
imdbeststocktrader
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@jgibs533, I saw it only on Tradingview and have not referred to MT4. Thanks for taking the time to reply to my post and clarifying. :)
Olu
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I am very bearish the $ now but my bullishness be wrong and this idea could play out. So I will be looking out for weakness as well as strength and go with whichever shows up
jgibs533
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@Olu, Absolutely gotta see what happens. I will still wait for an extra sell confirmation for double top. but my rules state when in a consolidation area and not strong trending I cannot pass up strong looking harmonic patterns. And with that D completion that risk reward is looking oh so sweet. thanks for the comment.