should have wait for D wave to complete to confirm pattern
Gartley pattern, XA & AB formed, forming BC which will reach between 61.8%-78.6% eventually and the price should not close above 78.6% to be valid. If BC is formed and price start to move down, D position i will be looking at 78.6% of XB wave or 127% of AB wave. Long once all criteria met, enter at 85.469 S/L at 85.174 below 10 pips below X. T/P 1 will be 38.2%...
price retrace to the fib 50% lvl (4hr wave) and start to move down again, could likely move down to the $36-$37 zone. This is the 38% fib retracement area (for daily wave). One thing to take note, that is the structure support is at $36. If price failed to hold at $36 area, it could go further down to fib 50% lvl (for daily) which there is another structure...