Gartley Pattern forming?
Kommentar:
C bounced off .382 on the A-B fib retracement. Applied the fib extension (A-B-C) (granted it bounces off of .382) and if conforming to this particular type of Gartley pattern the price would hit the 1.272 target which is ~2770. If you use the fibonacci retracement from X-A you will see that D (at 1.272) would also be the X-A fib retracement of .786.
Kommentar:
Conforming to pattern so far, price bounced off the .382 fib and has ascended to cross 2700 (as high as 2734). Will be interesting to see if it hits the target and bounces.
Kommentar:
Struggling at 2700
Kommentar:
Looking for a pullback to the support line of ~ 2670. Would be interesting to see if it holds.