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Night_Trader
Jan 20, 2013 5:11 PM

Gartley Pattern Completion: 2 of 3 possible trade setups. Long

Netflix, Inc.NASDAQ

Description


If the gartley pattern completes there could be a bebounce back up. First target could be a .382 retracement of the AC leg with a stop below the 1.272 extension of BC.

The other trades are the AB=CD completion. (See different chart...below.)

And a break of the head and shoulders neckline. (See different chart ...below.)
Comments
Night_Trader
OK ! This pattern setup is no longer valid !!! There was no trade!
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