A Gartley forms when the price action has been going on a recent uptrend (or downtrend) but has started to show signs of a correction. What makes the Gartley such a nice setup when it forms is the reversal points are a Fibonacci retracement and Fibonacci extension level. This gives a stronger indication that the pair may actually reverse.
Enter the trade when breaking the 0.618 Fib levels. Stop Loss- 88.19 / 87.2. Take Profit-When touching the blue Trend Line. For Options- EOD Call.
Japanese carmakers Honda and Daihatsu are recalling some five million cars globally to replace potentially deadly airbag inflators made by Takata.
TOKYO — Toyota Motor Corp. and Nissan Motor Co. said Wednesday they are recalling a total of 6.56 million vehicles world-wide after finding a risk of moisture intrusion on certain types of air bags made by Takata Corp. The Toyota 7203, -1.06% recall of around 5 million vehicles globally affects 35 models produced between March 2003 and November 2007, including...
GoDaddy Inc. GDDY, +4.24% shares slipped in the extended session after the domain name and web hosting company reported its first quarterly results as a public company. GoDaddy shares declined 1.1% to $26.48 on moderate volume at last check. The company reported an unadjusted loss of 34 cents a share on revenue of $376.3 million. Analysts surveyed by FactSet...
Testing the upper channel for the sixth time! Looks like we're going to drop down.