$GME Gartley/ Cypher variation and daily inside bar off 618
$GME I will be watching for daily Inside bar break high off 618, It would offer a low risk long w stop against low of mother bar (previous candle), aim top of pattern if this set up triggers, take some off at 1-1 and move stop and more off at 1-2 RR per Ib set up rules, (different set up the Hp's)
I prefer to wait for 786& 1.272 ext, this set up lacks solid structure so I would consider .50% to 1% max risk. Always wait for candle confirmation at trigger levels.
Remember the Gartley has 3 triggers, 786 often lines up with 1.272 & does in this case but watch the ABCD/Lightning level as wel, highlighted below the 786 fib.
Tp 1 stop is even always & take some off please, aim 2 & 3 next.
Stop below X, always.. Leave some room imo, always watch for reclaim of pattern with a pin bar.
Let me know if this chart helps your $GME analysis, please share your ideas for $GME in the comments.
Also with any of my plays, if indices tank the hit rate will plummet, act accordingly please.. No all in:( , trading is a business..
***Gartley's (main) and Cypher's trigger are both 786, so the dual pattern is just to explain I see both here, doesn't add any confluence imo...
I prefer to wait for 786& 1.272 ext, this set up lacks solid structure so I would consider .50% to 1% max risk. Always wait for candle confirmation at trigger levels.
Remember the Gartley has 3 triggers, 786 often lines up with 1.272 & does in this case but watch the ABCD/Lightning level as wel, highlighted below the 786 fib.
Tp 1 stop is even always & take some off please, aim 2 & 3 next.
Stop below X, always.. Leave some room imo, always watch for reclaim of pattern with a pin bar.
Let me know if this chart helps your $GME analysis, please share your ideas for $GME in the comments.
Also with any of my plays, if indices tank the hit rate will plummet, act accordingly please.. No all in:( , trading is a business..
***Gartley's (main) and Cypher's trigger are both 786, so the dual pattern is just to explain I see both here, doesn't add any confluence imo...
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adjusted TP1 $GME
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trim some 20.30's $GME :)
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21.85 limit, see if it hits $GME
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24.86 limit Next :)
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26.40's. Hold on tight :) 🌙
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$GME thoughts
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GME watching 786 level