In the short term the Bears have allowed the Bulls to take control.
After resisting the Bulls at the 61.8% level but not managing to create a new low, the Bears have now eased off.
With the B point set perfectly at the 61.8% level the Bears will look to take back control at the D point (78.6%) of the Gartley .
ENTRY: - 1.20548
STOP: - 1.20625
TP1: - 1.20394
After resisting the Bulls at the 61.8% level but not managing to create a new low, the Bears have now eased off.
With the B point set perfectly at the 61.8% level the Bears will look to take back control at the D point (78.6%) of the Gartley .
ENTRY: - 1.20548
STOP: - 1.20625
TP1: - 1.20394
Order cancelled:
bears pushed price below the A point invalidating the structure
