Bearish Gartley - A Great Short Opportunity
FX:XAUUSD Gold Spot / U.S. Dollar
Harmonic pattern identified the PRZ where price could reverse, and gave a terminal candle confirmation on the reversal.
Also, Elliot wave count gave a possibility of a start of correction. (inspired from another trader)
The RSI indicator also gave a BEARISH DIVERGENCE.
As, price moved up in the last phase of the Elliot wave ie. 5th wave which was an ending diagonal wave; RSI showed a declining trend in the overbought zone above 70.
BEARISH SHARK - HARMONICS
jjthomas94 about GOLD 4