very simple
but as a trader you gotta invest with some amount of risk and not just risking rather having profit ration in mind.
i took this great gartley for him
carefully made the chart with two profits with protection of any profit made and it worked out for him
the components of the chart:
ab=cd pattern completion
entry at around .886% retracement, and 1.414% and above 1.618% extensions and around the tip of ab=cd completion
possible area of market reversal with fibonacci confluences
oversold of rsi as one of the entries and market rejection at the point of entry
you could use this method to be trading, it is the modified method of the usual patterns and very profitable and reduces the risk ration as the market gets over extended.
but as a trader you gotta invest with some amount of risk and not just risking rather having profit ration in mind.
i took this great gartley for him
carefully made the chart with two profits with protection of any profit made and it worked out for him
the components of the chart:
ab=cd pattern completion
entry at around .886% retracement, and 1.414% and above 1.618% extensions and around the tip of ab=cd completion
possible area of market reversal with fibonacci confluences
oversold of rsi as one of the entries and market rejection at the point of entry
you could use this method to be trading, it is the modified method of the usual patterns and very profitable and reduces the risk ration as the market gets over extended.
