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Hourly MACD – The MACD is back in the bearish zone. Hourly RSI – The RSI is now placed well above the 50 level, and heading higher. Major Support Level – 140.89 Major Resistance Level – 142.16
ecoplace's Blog
The same way by this golding section
predict same target ,approximately 155.50, be sure to break many steps to get TP
Trading Gartley Patterns
The bearish pattern measured with Fibonacci grid to find the projected move.
The chart is zoomed in to illustrate the prices’ movement upon completion
of the pattern. From pivot D, prices moved quickly down past A and
eventually meet the projected 127% extension level ($85.76). Considering
the distance of the move from the top, this makes a very big profit
(from $106 to $85) when the opportunity is present.The Gartley pattern is used mainly by experienced veteran due to its complex use of price…
The chart is zoomed in to illustrate the prices’ movement upon completion
of the pattern. From pivot D, prices moved quickly down past A and
eventually meet the projected 127% extension level ($85.76). Considering
the distance of the move from the top, this makes a very big profit
(from $106 to $85) when the opportunity is present.The Gartley pattern is used mainly by experienced veteran due to its complex use of price…