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.
註釋
If your rules allow you to trade during news, then this would have give you two perfect patterns completion.註釋
Sorry, my mistake, just one, the bearish pattern vas cancelled.
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