Hate to be the bear but...Feeling Crabby?
I'll be straight forward, I'm not a pro when it comes to the examination of Gartley Patterns... and I honestly believe that the bull market has begun based on all the moving averages, the monthly RSI, and those fun trendlines. But gotta weight out the other possibilities to be sure. And I have not really seen this discussed yet. I mean it could also be an Adam and Eve movement too... but...
From my understanding, targets for this pattern are retracements from C-D, furthermore
Target 1: 61.80% ~ High 4.9k range
Target 2: 127.20% - low 2.1k range
I'll be conservative and estimate at least the 61.80% retracement, the latter wouldn't be bad; either way I'm accumulating.
Also.. time frame, if we were to touch the 127.2%, I would see this dragged out for a few months such as August...if.. and only if this really wasn't bottom, otherwise a bounce from 61.8% would be fast as shit.
What chu' tink'?
From my understanding, targets for this pattern are retracements from C-D, furthermore
Target 1: 61.80% ~ High 4.9k range
Target 2: 127.20% - low 2.1k range
I'll be conservative and estimate at least the 61.80% retracement, the latter wouldn't be bad; either way I'm accumulating.
Also.. time frame, if we were to touch the 127.2%, I would see this dragged out for a few months such as August...if.. and only if this really wasn't bottom, otherwise a bounce from 61.8% would be fast as shit.
What chu' tink'?
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