Hey guys,
in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price to enter the PRZ (Price Reversal Zone) and then waiting for an additional confirmation. I'm going to set my orders on during the night.
Stop would go above X, target1 and 2 as in the chart.
Feel free to ask question if you want.
Otherwise, see you in the next chart!
in case you don't know this is an harmonic advanced pattern formation that often times occurs in the markets. It is called Gartley pattern and it's made up of 5 different points all responding to certain criteria. The final D point is at the 1.27 extension of the AB leg and you can trade it both by placing your order on that level and waiting for price to enter the PRZ (Price Reversal Zone) and then waiting for an additional confirmation. I'm going to set my orders on during the night.
Stop would go above X, target1 and 2 as in the chart.
Feel free to ask question if you want.
Otherwise, see you in the next chart!
Trade closed: stop reached