8K -> 15K -> 5K
After a long which has failed ($8600 closed at BE), I bought the lower boundary of this likely channel.
1> Completion of a
2> of the whole 2017 rally
3> 200 daily.
I'm expecting a retracement to 15.300 to complete a . Then going short again for a final target at $5000 for 2018.
If this scenario is succesful, i'm expecting a long time range between 5K and 8K during this spring until early summer before beginning a new wave.
Time will tell.
121 bullish pattern / 1000$ drop from yesterday top.
Added long at 8500.
If not enough, back to 8000 for bullish cypher.
TP 10.200 bearish AB=CD
Srtucture of a likely gartley (invalidation for this scenario if price breaks the dashed TL / above 9.000)
In short, if
Tiny short 7700 / Closed $6700
Rebought at $6700
Tricky Gartley - TP on chart