On daily chart, the price action of EOS has completed the final leg of Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $2.84 to $2.55
Fibonacci projection or sell zone: $ 3.06 to 3.61
Stop Loss:
The potential reversal zone area that is up to $2.55 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 41.5% and as per the above-mentioned stop loss, the loss possibility is 10.3%.
Note: Above idea is for educational purpose only.
Buying And Sell Targets:
The buying and sell targets according to harmonic Gartley pattern should be:
Potential reversal or buying zone: $2.84 to $2.55
Fibonacci projection or sell zone: $ 3.06 to 3.61
Stop Loss:
The potential reversal zone area that is up to $2.55 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 41.5% and as per the above-mentioned stop loss, the loss possibility is 10.3%.
Note: Above idea is for educational purpose only.
