This is a setup which we discussed in my live trading room. As expected price retraced to the sliding parallel to the upsloping median line, where it bounced and looks like it is already climbing. As we mentioned, at that level we have the completion of a bullish Gartley. I personally was waiting for price action, but I didn't get any setup. So I will be waiting for a retest of the parallel, and watch once again for price action to go long.
The Gartley pattern:
The Gartley pattern:
