We got two potential setups right here with already 1 winning pattern which is the bull gartley setup.
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Please take note of the zone. Our PRZ C pt of bear Cypher. A price breaking and closing below the zone will invalidate the initial bear cypher pattern setup. As of now. We can go and hold our long in the gartley pattern as long it meet your rules on how to exit. So stops would be obviously below the X point (Initial C point of the Bear Cypher Pattern). Price breaking the X point will invalidate the Gartley. So technically could go long having an extended targets to the potential bearish Cypher pattern. Caveat.
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Hi guys, We could now and close our target with extensions. It was a good LONG trade if you have taken LONG starting from the Bull Gartley. Now we got short opportunities as of now market complete a bear butterfly pattern.
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If you have taken the Bear Butterfly TP 1 of both Butterfly and Cypher is already attained.
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If you have taken the Bear Butterfly TP 2 of both Butterfly and Cypher is already attained.
