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As Gold has recently started a Bearish move and Bearish Gartley is giving a confirmation of the continuation of the Bearish Move. So this could be a good time to Sell the Gold when the Confirmation of the Pattern is received.
A bearish Gartley pattern is almost completing, waiting for price to hit the highest point of PRZ.
Daily timeframe, higher SL and TP, do exercise risk management, do not over-leverage.
R:R at 1.3.
Good luck.
Bitcoin is still very bearish as you can see from this chart above. The latest higher low on the 4H chart provides a glimpse of hope for the bulls but this needs to be followed up by breaking above downtrend resistance lines and horizontal resistance levels shown on the chart.
14,000 will likely to be the most significant level to break because it is where a...
looks like this Gartley is dancing on one toe. It is still a valid pattern as price struggles to reach point D. Let's see how much success this will be.
$BTC fall is not over yet in my opinion.
The cross will likely turn bull temporarily to let the market brethe but will soon revert into the third wave and the cross could lose another 20% or more till it reaches its next support level around 8000$.
From there, even if it is too early for a "prediction", seems like the market could return bull since the chart...
Bearish Gartley in the making on the 1-hour timeframe. Huge divergence in play and trendline breakout could create a significant move down.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk...
As price action is in consolidation right now the fight is on to either make a higher high and push up to the 1.38500 resistance level or start its bearish rotational pull back.
We could possibly have a bearish Gartley formation currently at market forming which could also be a signal that there may be a turn in trend
Entry 1.38147
Stop's 1.38260
Target 1...
Bitcoin is struggling to rally and a turn lower here would be a bearish Gartley pattern which is a trend continuation pattern and would see new lows targeting 11900, 9900 and potentially 8000.
Holding above 14180 points to 15000 next
The daily market for BTCUSD , after forming the bearish Gartley I reported in a previous chart, is correcting.
If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support.
It seems more likely that the drop...
As I am plotting out possible senarios to this complex correction on the 240M Chart, I am having to get into the lower time frames to help me sort out these movements.
I see on the higher time frame (240M) :
-Impulse completed.---Then price makes a wicked irregular Flat, breaking the top of wave 5 and falling pretty far.
-Price then rose to the 61.8% fib of...
