IPCALAB Bearish Gartley Pattern Setup

2016년 10월 5일

Previously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors indicating bearishness in the chart and It shall further move down.

Target 1: 603
Stoploss: 625

2016년 10월 5일

액티브 트레이드

Correction: It is a bearish Butterfly pattern

2016년 10월 6일

액티브 트레이드

Price action breaking out 616 levels, now shall move to targets.

2016년 10월 7일

거래청산: 타겟 닿음

Targets achieved successfully, Regards

2016년 10월 8일

액티브 트레이드

Analysis done for target 2, now shall reach to 596 levels.