The trend is bearish right now, and indicators will also reflect that but gartley is a corrective pattern that plays out with a strong short term reversal.
The pattern is very accurate in terms of fibs as well as text book AB=CD, and there is confluence at 8.8k level. 4H h&s breakdown also targets there.
Stop loss should be placed below X, tp hopefully 0.618 retracement of CD. 20 Daily MA could also be a good target, remember to take profit always.
The pattern is very accurate in terms of fibs as well as text book AB=CD, and there is confluence at 8.8k level. 4H h&s breakdown also targets there.
Stop loss should be placed below X, tp hopefully 0.618 retracement of CD. 20 Daily MA could also be a good target, remember to take profit always.
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Pattern already played out with the lowest point reaching only 9,1k instead of projected 8,8k - was worth a try though.