8K -> 15K -> 5K

3 feb 2018

Hi,
After a long which has failed ($8600 closed at BE), I bought the lower boundary of this likely channel.

1> Completion of a bullish butterfly
2> 0.618 retracement of the whole 2017 rally
3> SMA 200 daily.

I'm expecting a retracement to 15.300 to complete a bearish cypher. Then going short again for a final target at $5000 for 2018.

If this scenario is succesful, i'm expecting a long time range between 5K and 8K during this spring until early summer before beginning a new bullish wave.

Time will tell.

3 feb 2018

Trade attivo

4 feb 2018

Nota

Short time framed.
121 bullish pattern / 1000$ drop from yesterday top.
Added long at 8500.

If not enough, back to 8000 for bullish cypher.

4 feb 2018

Nota

Better fibo confluence for 121 + inner bullish bat + 0.618 retracement.
TP 10.200 bearish AB=CD


OR

Srtucture of a likely gartley (invalidation for this scenario if price breaks the dashed TL / above 9.000)


In short, if

5 feb 2018

Trade chiuso: stop raggiunto

Stop triggred at 7800.
Tiny short 7700 / Closed $6700
Rebought at $6700

Tricky Gartley - TP on chart