Likely bear Gartley at $1292 + Long term trendline
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Cup & handle ?
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Update pattern : Completion at $1302. Starting pattern where begins the wave down XA. Confluence 0.707 retracement / 1.272 AB / D point. 2016 support/resistance
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First idea of the gartley almost complete. Lagging Span facing a straight Kijun at $1288. First short opened at 1288 Tight SL / If break, high probabilities to see $1302
Trade active
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Trade closed manually
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Close short at $1262
Comments
tcp007
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Hello Pixi. I'm sorry if this is obvious in your chart, but do you have a 1st target idea? 1240's? As always, thank you for sharing your ideas.
pixi
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@tcp007, hi, i don"t understand the 1240's target. Sorry.
tcp007
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@pixi, I'm sorry. Is your trade still active? If so, do you have a profit target identified?
pixi
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@tcp007, see my comments for my opened trades in gold and target for the short