On a higher time frame we can see that the market has broken below a significant level of support. Hinting a strong medium term bearish trend.
There is a potential opportunity to jump on this trend with this gartley pattern completing at the ratio confluences of 0.786 and 1.272.
The RSI is also signalling a strong divergence with the market.
Stops and targets are shown on the chart.
There is a potential opportunity to jump on this trend with this gartley pattern completing at the ratio confluences of 0.786 and 1.272.
The RSI is also signalling a strong divergence with the market.
Stops and targets are shown on the chart.
Trade closed: target reached