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ralvizua
Nov 20, 2017 9:37 PM

POSSIBLE GARTLEY PATTERN IN UTX- SHORT Short

NYSE:UTX1D

Description

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THE UTX PRICE HAS SHOWN DIVERGENCE WITH THE MOMENTUM AND BROKE THE TREND LINE DOWN . IN ADDITION, UTX PRICE CLOSED TODAY BELOW SMA 50.

THE FIBONACCI TARGET AT 61.8% IS 113.97 AND A SECOND TARGET AT 78.6% RETRACEMENT IS 111.82

THE STOP LOSS IS SET UP AT 120.50

THIS IS ONLY FOR EDUCATION PURPOSES.

GOOD LUCK!!!

https://www.tradingview.com/chart/U22Zlu0v/

Comment

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POSITION CLOSE, HIT THE STOP LOSS
Trend AnalysisHarmonic Patterns
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