EXTREMLY OVERBOUGHT RSI, MACD LINES ON EXTREME LEVELS
SHARK PATTERN + 1,618 EXT AB LEG CUMMULATE AT LOGICAL ROUND NUMBER 280
I THINK IT IS GOOD SELL OPPORTUNITE ESPECIALLY IF CONSIDERED COPPER IS AT POTENTIAL PIVOT POINT AND DXY STARTS TO RISE
A Bearish Gartley and potential 2618 Trade setup to the upside.
To watch for:
1. A confirmed Double Bottom
2. A break to the upside.
3. A break and close above the highest high of the Double Bottom pattern.
3. A Gartley Pattern completion if price hits the D leg.
4. A retracement back to either the 38.2% or 61.2% Fibonnaci levels off the Gartley.
Notes are also in the chart. I am lookin for a ptoential long entry but will sit and wait for the market to tell me what to do.
- Double Bottom signals a potentiall trend reversal.
There is a an advanced pattern setting up called a Gartley pattern.
- If price breaks off of the Double Bottom, then an area of resistance will be at the area where...