I have entered this Gartley Pattern on the retracement wick highlighted in the blue rectangle.
Target profits at the .382/50DMA zone.
The Gartley shared confluence with the bottom of a sideways channel
Target profits at the .382/50DMA zone.
The Gartley shared confluence with the bottom of a sideways channel
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Stopped out
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Notes:
Here is an image of the real trade that happened here. Not to self always follow trading plan. I had this idea originally drawn out, and disregarded it for the Gartley pattern i found (while at work), and traded on my mobile. Lesson learned always trade your plan. After the descending wedge broke, I was waiting for the pullback , which we got. The great lesson learned here is that it would have been possible to trade the Gartley long, and then my pullback short. The key signal I highlighted with the yellow rectangle in the image below, when we bounced off the MA.
Here is an image of the real trade that happened here. Not to self always follow trading plan. I had this idea originally drawn out, and disregarded it for the Gartley pattern i found (while at work), and traded on my mobile. Lesson learned always trade your plan. After the descending wedge broke, I was waiting for the pullback , which we got. The great lesson learned here is that it would have been possible to trade the Gartley long, and then my pullback short. The key signal I highlighted with the yellow rectangle in the image below, when we bounced off the MA.
Discord/Indicators:
launchpass.com/jupiter/babylonians
launchpass.com/jupiter/babylonians