cbot Refined Soy Oil Futures bullish gartley pattern formation likely short covering possible
Reason for long a) Bullish Gartley set up b) watch price action at lower time frame for entry c) SL compulsory
Reason for long a) Bullish Gartley Set up b) Good risk reward zone c) Support zone as well
Reason for long a) Bullish Gartley set up b) SL is 14 % and target is also 14% and hence qty to be optimized as per the position sizing (Kellys rules) c) RSI showing buy signal with multiple attempts to taken support.
Reason for long a) Gartley reversal point at 151... previous pin bar act as signal candle a mid point of tail is the entry and exit sl at 149.2... with target of 155 b Any reversal at 150.2 with Sl of 149 is also a good entry... but intraday price action at first 30 min is crucial in deciding the entry level.
Reason for long a) Weekly Gartley for long b) Volume spurt in weekly time frame c) already reversal confirmed for long
Reason for long a) Harmonic Gartley Long set up b) Volume is moderate c) long term support at 287
Reason for long a) Wk bullish gartley set up b) Wk Horizontal support for long
Reason for long a) Gartley pattern for long b) Volume burst pattern
Reason for long a) Bullish gartley for long b) price already shown sign of reversal c) volume uptick
Reason for long a) Gartley long set up b) mini double bottom
Reason for long a) long at 1937 bullish gartley reversal pattern for long b) fib level support c) possible formation of channel of lower band
Reason for long a) Gartley bullish long pattern b)support in daily time frame c)weekly 25ema support
Reason for long a) Support play b) pin bar c) volume burst d) gartley bullish pattern
Reason for long a) bullish gartley set up b) volume support c) mini double bottom formation exactly at entry point of harmonic pattern
Reason for long a) Bullish Gartley set up b) Major challenge is major sectors are down and volume bar is also showing negative. Chance of failure of this set up is high. So low qty induces the no emotions to cut the loss at SL.
Reason for long a) Bullish Gartley set up for long b) any reversal candle formation at 5790 levels validates the assurance of long. c) Volume burst
Founded bearish gartley pattern . Expecting a 3:1 risk reward ratio