Bearish Gartley (Possible)
This scenario will work on assumptions stated by the format "if...then..."
If the price goes below the red line(4) then hold.
THE IDEAL SCENARIO: If the price retraces to the red line(4) then it should go towards the black line(3); If the price goes above the black signal line(3) a buy is initiated.
The green line (2) is the most important one because if it's crossed then the price should go all the way to the blue line(1)
The Gartley is supported by the exact 61.8% close price retracement of the XA leg.
Fundamental support: The USD sees some pressure with the future tax policy, Korean Peninsula & a slight difference between the hard data and soft data. The rise of AUD is supported by an increased risk appetite and a good support in oil, copper, gold (assess these prices for a more "sniper" number)
If the price goes below the red line(4) then hold.
THE IDEAL SCENARIO: If the price retraces to the red line(4) then it should go towards the black line(3); If the price goes above the black signal line(3) a buy is initiated.
The green line (2) is the most important one because if it's crossed then the price should go all the way to the blue line(1)
The Gartley is supported by the exact 61.8% close price retracement of the XA leg.
Fundamental support: The USD sees some pressure with the future tax policy, Korean Peninsula & a slight difference between the hard data and soft data. The rise of AUD is supported by an increased risk appetite and a good support in oil, copper, gold (assess these prices for a more "sniper" number)
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.