Alexander_Nikitin

LTCUSD. Unified gartley

Short
Alexander_Nikitin Updated   
BITFINEX:LTCUSD   Litecoin
A potential Unified Gartley is setting up. Although, the official completion of this pattern is a 0.786XA level, I expect price to go higher to 0.886XA. The second level is complemented by two ab=cd patterns and two fibonacci inversions. We know that this type of confluence typically acts as a magnet. Anyways, even if price never reaches the cluster and reverses slightly lower the pattern will still be valid and I will look for entry signal.
Comment:
for those of you who are new to these type of patterns:

I am going to sell inside the yellow rectangle.
Trade active:
sold it

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.