The A to B leg was retraced almost 0.50 Fibonacci and also gave a spike upto almost 0.618 so here the MDA had only two choices whether to form a gartlay and make a D leg upto 0.786 fibonacci or to form pattern and form a D leg upto 0.886 Fibonacci.
(I don't think so it will go for the reasons I have below)
In previous chart I was expecting a therefore I published a gartley's chart but now the D leg is retraced upto 0.886 Fibonacci so now the pattern is confirmed insha Allah.
Now the D leg is entered in potential reversal zone.
is entered in oversold zone.
is showing weak interest of traders here.
upto 2 week chart is turning bullish:
Upto 2 week chart has given bull cross:
Soon the and will be turned on month chart.
I am expecting that the next candle stick will be closed sideways within this potential reversal zone therefore if we want to enter in safe and sound then we can wait for next candle stick.
I have used Fibonacci sequence to set the targets as below:
Buy between: 0.00006993 to 0.00011085
Sell between: 0.00020861 to 0.00035528
Enjoy your profits and regards,
Atif Akbar (moon333)