ETH/USD Textbook Gartley
Gartley formed just below the bearish channel resistance.
TP1 (symmetry of BC) was just hit and the instrument is now consolidating slightly above.
Next target TP2 awaits at $375.00 - the 1.27 Fibo extension of AD
Short positions may be opened now with SL at $500.00; TP at $375.00.
Once TP is hit, close half of the position and trail your SL to try to hit the final target at $335.00 (161.8 Fibo extension of AD)
Happy Trading
TP1 (symmetry of BC) was just hit and the instrument is now consolidating slightly above.
Next target TP2 awaits at $375.00 - the 1.27 Fibo extension of AD
Short positions may be opened now with SL at $500.00; TP at $375.00.
Once TP is hit, close half of the position and trail your SL to try to hit the final target at $335.00 (161.8 Fibo extension of AD)
Happy Trading
Nota
Price lurking just below the trendline; A crucial moment is coming in the next few days. A break above will likely place ETH in a positive aspect, but if trendline holds, we are looking towards TP2 with more confidence.Nota
Partial profits booked now due to the stiff support at the $400 markNota
Safe to place your trailing SL at $430.00 If price goes back there, it's a good signal that the Support has hold and price may reverse.
Trade chiuso: obiettivo raggiunto
Target of $375.00 was reached. Trade Closed
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.