PS:We have been on losing streak the past few weeks or so. But we will go through it with our heads up high since we know the probabilities are in our favor in the long run.
Stops and take profit levels are as on the chart
This is one of those times where one trade is enough to make your whole month.
A bearish gartley has just formed followed by a double top.
For those whose TP1 is retracement 38.6, it has already been hit.
Now we wait for the 61.8 and hopefully the 100% retracement.
As always keep your stops tight.
Anything can happen in the market.
There are five potential scenarios. Emphasis on potential.
1. Price rallies up and assumes our two scenarios.
2. Price will complete our gartley pattern by going lower to our D entry point.
3. Price stops us out on the gartley pattern but doesnt go low enough to fill us in on our BAT pattern. (bummer)
4. Price will stop us out on the gartley pattern and head...