Theta Fuel (TFUEL) formed bullish Gartley for upto 46.5% rally
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On a daily time frame chart, the TFUEL has formed a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $0.4024 to $0.3572
Sell between: $0.4380 to $0.5233
Stop loss:
The maximum extent of potential reversal zone $0.3572 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 46.5% and the loss possibility is 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
On a daily time frame chart, the TFUEL has formed a bullish Gartley pattern.
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $0.4024 to $0.3572
Sell between: $0.4380 to $0.5233
Stop loss:
The maximum extent of potential reversal zone $0.3572 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 46.5% and the loss possibility is 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade