I did my top-down analysis, the price was in a decent uptrend and now is getting slow and consolidating at previous structure resistance, creating this symmetrical triangle. I honestly don't have a backtested plan for this pattern but surely is acts as addition support/resistance giving the Gartleys a higher odd of success if ever complete.
If you trade this pattern ( symmetrical triangle ) then this would be an awesome excuse to get in.
BUT be careful, today is Non-farm Payrolls, this set up may be meaning less if we get an explosive reaction from the market.
If you trade this pattern ( symmetrical triangle ) then this would be an awesome excuse to get in.
BUT be careful, today is Non-farm Payrolls, this set up may be meaning less if we get an explosive reaction from the market.
評論:
If your rules allow you to trade during news, then this would have give you two perfect patterns completion.
評論:
Sorry, my mistake, just one, the bearish pattern vas cancelled.
