. Double Bottom @monthly&weekly support; . The Neck @ weekly resistance; *Double bottom is only valid if the price break the neck;
. Bullish impulse: - IF this is the 3th wave, it "should" terminate around the 161% extension, close to the neck, and then a small pull back expected that can't cross the top of wave 1 forging wave 4, and... wave 5=wave 1; (by default)
Between 89$ / 90$ >> The Gartley is completed, start looking for divergence on that price zone for an eventual short;
GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD
* Risk/Reward - SL above point X, look the structure...
Extra trade setup: The 2618 Bullish trade IF the Gartley offer us the 2nd take profit target zone around daily support @82.81$ - again, once there, start looking for divergence for an eventual buy;
Check educational links below: double top and 2618 - how to trade it... default elliott waves behavior... rsi divergence... and harmonic patterns ratios;
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