OneTrueSloth

AVGO Bearish Gartley

Short
OneTrueSloth Updated   
NASDAQ:AVGO   Broadcom Inc.
Just reached the PCZ of a bearish Gartley. Target level ~$250 (1.618% retrace, and key support). Does it have the momentum to play out?
Comment:
CORRECTION: If B to C of a Gartley is 0.886 then C to D MUST be 1.618 not 1.27 as this chart indicates.
Comment:
CORRECTION #2: I think I was right the first time. If AC is 0.886, then BD has to be 1.27 to maintain the 0.786 XD.
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.