Here is the closer view of the potential Gartley pattern (green) that could mark the top of the bounce that we are in.
As we can see the set up could be a great low risk area to set up new short positions.
Although I am personally long right now, playing this bounce, my trade is a short time frame.
The bigger play will be to the downside following the black trail labeled 1-2-3-4-5.
Or-
my preference the purple trail that starts from a higher point near the completion of the Gartley pattern (green)
So lets see if we can break the highs and continue up with this bounce a bit more.
Note the "we are here" label for reference.
Have fun my friends!
-Old Fart
As we can see the set up could be a great low risk area to set up new short positions.
Although I am personally long right now, playing this bounce, my trade is a short time frame.
The bigger play will be to the downside following the black trail labeled 1-2-3-4-5.
Or-
my preference the purple trail that starts from a higher point near the completion of the Gartley pattern (green)
So lets see if we can break the highs and continue up with this bounce a bit more.
Note the "we are here" label for reference.
Have fun my friends!
-Old Fart