Point B retrace at 61.8
What is more important in this case is point BC also retrace at 61.8
This double 61.8 retracement is a perfect Gartley in Theory.
There are also confirming sing for the short position.
If we have a classic divergence when the price reaching the price tag that will be even more of a perfect sell set up.
The RSI is expect to have a classic divergence getting into the zone and then REC ABCD down to do another Bullish classic divergence up to the upper channel again.
What is more important in this case is point BC also retrace at 61.8
This double 61.8 retracement is a perfect Gartley in Theory.
There are also confirming sing for the short position.
If we have a classic divergence when the price reaching the price tag that will be even more of a perfect sell set up.
The RSI is expect to have a classic divergence getting into the zone and then REC ABCD down to do another Bullish classic divergence up to the upper channel again.