I recently started reading into Gartley patterns and I've been patiently waiting for a Daily to pull one up. I am taking a buy here according to the Bullish Gartley rules.
1. AB is 61.8% Fibonacci retracement of XA.
2. AD move, which takes a 78.6% retracement of the XA move.
According to Ichomoku, Daily shows really good bull bounce up, which I missed yesterday as I mainly trade from Tuesday-Thursday. However, this is my outlook with multiple TPs. I will be taking a really tight SL since it is my first time using Gartley pattern and I would like to be consistent before I start taking 2-4% (Ideal risk on a single trade) risk on my trades.
1. AB is 61.8% Fibonacci retracement of XA.
2. AD move, which takes a 78.6% retracement of the XA move.
According to Ichomoku, Daily shows really good bull bounce up, which I missed yesterday as I mainly trade from Tuesday-Thursday. However, this is my outlook with multiple TPs. I will be taking a really tight SL since it is my first time using Gartley pattern and I would like to be consistent before I start taking 2-4% (Ideal risk on a single trade) risk on my trades.
Trade active:
Take Profit 1 was hit, as always, moved SL to BreakEven. It is upto each individual person and to their trading plan to move SL BE or not.
Trade active:
TP 2 was hit, we are now heading for TP3!
Trade closed: target reached