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olivercurtis
Sep 19, 2019 12:58 PM

Bullish Gartley Pattern on Alpha FX Long

Description

Looking at the Daily, Alpha FX has rallied in a long XA leg up to 850p (point A), price retraced just past the 0.618 retracement level to point B, then bounced and retraced to the 0.618 retracement level of AB at point C. Look for price to bounce and hit the 1.272 extension level of line AB at around 610p in early October. If it does, go long. First target is at 700 for a nice 13.75% return.

Comment

Also Point D converges with previous Support and the long term Trendline.
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