#Educational 📘
The Gartley pattern is a retracement pattern that occurs when a trend temporarily reverses direction before continuing on its course.
It includes the AB=CD pattern in its structure and gives you the chance to go long ( bullish Gartley ) or short ( bearish Gartley ) at the point where the pattern completes and the trend resumes.
To trade using the Gartley pattern , place your buy order at the point where the C-D leg achieves a 78.6% retracement of the X-A leg.
Place your stop loss just under point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.
The Gartley pattern is a retracement pattern that occurs when a trend temporarily reverses direction before continuing on its course.
It includes the AB=CD pattern in its structure and gives you the chance to go long ( bullish Gartley ) or short ( bearish Gartley ) at the point where the pattern completes and the trend resumes.
To trade using the Gartley pattern , place your buy order at the point where the C-D leg achieves a 78.6% retracement of the X-A leg.
Place your stop loss just under point X.
Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D.
#SXP bounced from the newly support it from around $1.11. We need a flip above around $1.30 for a short term bullish move. Overall, $1.23 - $1.36 is the major resistance , so buys could be risky here.
The market Looking High, Be carefuly for fomos.
We have all signals Long in profit now. Will wait good entry next
We have all signals Long in profit now. Will wait good entry next
#ENJ dipped to the support zone of $1.34 - $1.43. Price reacting off the area. Setup cloud be risky here, so better wait for the price to break any any of structure or any sort of liquidity. Breaking below the zone can lead he heavy crash as next major support is around $0.75.