Priceline of Perlin / Tethe US has formed a bullish gartley and entered in potential reversal zone.
Stochastic has given bear cross therefore I would suggest to wait for bull cross signal before buying.
This PRZ area should be used as stop loss in case of complete candle stick closes below this area other wise the C to D can be more extended to downwards and go to form a bullish butterfly pattern and the gartley will be invalidated.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0590 to 0.0561
Sell between: 0.0612 to 0.0666
Regards,
Atif Akbar (moon333)
Stochastic has given bear cross therefore I would suggest to wait for bull cross signal before buying.
This PRZ area should be used as stop loss in case of complete candle stick closes below this area other wise the C to D can be more extended to downwards and go to form a bullish butterfly pattern and the gartley will be invalidated.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0590 to 0.0561
Sell between: 0.0612 to 0.0666
Regards,
Atif Akbar (moon333)
