The price created a large gap and this trading setup suggests that it will more likely be filled. There is a strong daily support level at 46.46, where most of the buy orders are placed. Plus, that is the best area for previous sellers to lock their profits. Those scenarios will push the price up. In addition, the market completed the Gartley pattern that increases the probability of this opportunity.
T1 – 38.2%
T2- 61.8%
T1 – 38.2%
T2- 61.8%
