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Alexander_Nikitin
Jan 4, 2019 11:00 AM

LTCUSD. Unified gartley Short

Litecoin / DollarBitfinex

Description

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
Comments
pmcllc
a wick went through the stop loss...
pmcllc
Thanks Alex!
Alexander_Nikitin
@pmcllc, not at all:)
jthrasher
Thanks for elaborating a bit more. I've been following you for the past month or so and am inspired to learn harmonics based on what I've seen. GL
Alexander_Nikitin
@jthrasher, you are welcome
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