Hi
A Bullish Gartley pattern is developing on Aban -0.47% Offshore Daily Charts .
Potential Price reversal zone will be
1.13BC = 211.5
0.786XA= 206
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Note : Daily Trend line shown as red color.
Stop loss would be placed below X leg structure support .
Target 1 - 229
Target 2 - 243
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.
Trade with Care,
Gulz.
A Bullish Gartley pattern is developing on Aban -0.47% Offshore Daily Charts .
Potential Price reversal zone will be
1.13BC = 211.5
0.786XA= 206
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Note : Daily Trend line shown as red color.
Stop loss would be placed below X leg structure support .
Target 1 - 229
Target 2 - 243
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.
Trade with Care,
Gulz.
Note
Setup is still valid ..Order cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.