Hi guys,
there are some instances where i trade directly at the D point of an harmonic pattern, and this is one of these cases. Reason why is that price has been rejected from a major resistance level and right afterwards it created this simple harmonic formations known as Gartley pattern. As of now, i'm looking to short the D completion point and set targets with the green lines and stop above X (red line).
If you have ideas/questions, feel free to comment beneath.
Otherwise, see you in the next chart!
there are some instances where i trade directly at the D point of an harmonic pattern, and this is one of these cases. Reason why is that price has been rejected from a major resistance level and right afterwards it created this simple harmonic formations known as Gartley pattern. As of now, i'm looking to short the D completion point and set targets with the green lines and stop above X (red line).
If you have ideas/questions, feel free to comment beneath.
Otherwise, see you in the next chart!
Comment:
The pattern is a Bat Pattern, not a Gartley (i've set up all the levels correctly but had written the wrong name):
