Multiple confluences for a short opportunity
We formed an AB=CD move that completed right around the 1.270 ext area, and that makes us think that the market is moving in a harmonic and structural way.
Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”--
So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP.
Keep it simple, and focus on the process
Jean
Twitter: @Jeanc680
Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”--
So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP.
Keep it simple, and focus on the process
Jean
Twitter: @Jeanc680
Order cancelled:
Price didn't hit my entry point before the big washout.