We might need just one more day for FXI
to reach its current rival in the upper 38 level. A Gartley pattern
is about to complete very poetically near this very stubborn price zone for FXI
. We have reached it numerous times without any luck of sustaining it, and with the bearish Gartley
pattern backing this one along with noticeable bearish
momentum divergence, I expect this time to be no different and for prices to drop
down past the 'B' point of this pattern around 36.20s. Stops should be above the 'X' point. Wait for prices to officially reach the .786 level at 38.66.