The potential Gartley pattern will complete at 12770 level and the AB=CD will also finish at about 12760.
Meanwhile the Supply Zone is at 12765-12772 levels.
Additionally, the historical resistance works at 12770-12780.
So it is good to sell at 12765-12780 levels when price action gives signals in the PRZ.
SL: above 12817
TP1: 12670
TP2: 12625
TP3: 12573 and further more
Meanwhile the Supply Zone is at 12765-12772 levels.
Additionally, the historical resistance works at 12770-12780.
So it is good to sell at 12765-12780 levels when price action gives signals in the PRZ.
SL: above 12817
TP1: 12670
TP2: 12625
TP3: 12573 and further more
Order cancelled
Bad luck, the big bullish candle broke out the previous high and no signal was given.But the close of the broken candle was under the previous high, what does this mean? Let wait and see what will the market go next.
Note
Just a fake breakout, and the market declined.
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.
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.