Possible Gartley + possible negative reversal (on 4 hour)
I was watching how the positive reversal and divergence was working out, when i spotted this Gartley on the 1 hour timeframe.
This gartley matches the conditions on my view of the 4 hour timeframe, where i'am waiting for a possible negative reversal. On the 4 hour timeframe this possible negative reversal matches with the resistance line (placed by Cardwell in the RSI of Wilder) in the RSI in a downtrend.
Now i have a possible negative reversal (4 hour timeframe) and a possible gartley (1 hour timeframe).
So i will wait to see if there will be a good priceaction, if price makes it to point D of the gartley.
If so i will short, because this seems a nice upportunity to sell.
* remember make your trading plan, never follow someone blindly
This gartley matches the conditions on my view of the 4 hour timeframe, where i'am waiting for a possible negative reversal. On the 4 hour timeframe this possible negative reversal matches with the resistance line (placed by Cardwell in the RSI of Wilder) in the RSI in a downtrend.
Now i have a possible negative reversal (4 hour timeframe) and a possible gartley (1 hour timeframe).
So i will wait to see if there will be a good priceaction, if price makes it to point D of the gartley.
If so i will short, because this seems a nice upportunity to sell.
* remember make your trading plan, never follow someone blindly
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Not valid due time
4 hour timeframe