Possible LONG on Wave E Completion W/ Bullish Gartley confirmed

27 de fev. de 2017

We have a confirmed Harmonic Bullish Gartley on the 1H with what seems to be within a Triangle and mid way completing a wave E on the Minor Period. Both targets of the Gartley have been hit already, and now I'm awaiting a LONG on the completion of wave E on the Minor to then proceed to a SHORT for a wave 5 on the Minor period. SMA shows approaching bullish trend on 1H as well as pattern/channel showing upwards bullish direction at least until the top of the triangle (wave E). Although stochastic and RSI show already overbought position, MACD does show highly probable pending upwards movement at least to the top of the triangle.