We have a Gartley or AB=CD potential from the 61% retracement level.
Volume is drying down which is a leading indicator of price.
SPX500 regularly tests the 78% range which was going to make the setup called Gartley 222.
I personally look for these at the 61% levels and the 78%.
Quite possible to see a few stop hunts until we see a decisive move down,
but some reaction on the downside might give us a good trade setup.
Happy trading!
Volume is drying down which is a leading indicator of price.
SPX500 regularly tests the 78% range which was going to make the setup called Gartley 222.
I personally look for these at the 61% levels and the 78%.
Quite possible to see a few stop hunts until we see a decisive move down,
but some reaction on the downside might give us a good trade setup.
Happy trading!
Nota
Post mortem: The Outside bar is a nice trigger point. Takes the stops from the range above at 8 CET and starts a beautiful move down.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.