Looking out for 3 potential trend continuation entry reasons here. Currently at the 50 EMA which might act as support. Potential entry reasons here might be a bullish engulfing candle close above the EMA as seen at the Gartley B point. Failing this, the next entry reason would be the cypher D leg completion. Entry reasons could be a limit order at the D point or wait for further confirmation (i.e. engulfing candle). If this fails we have a Gartley pattern to fall back on. The D point completes in an area of daily support and we might be on the look out for other reasons to enter the trade here (engulfing candles, RSI divergence).
Trade fechado: objetivo atingido:
1st target reach at .382
Trade fechado: stop atingido:
Break even