LONG term setup with biases and an engulfing weekly bull candle!
Here on the weekly TF. We got a candle pattern which is a bullish engulfing candle from the last week's market. With that we also got a pattern completion by which is the bull deep gartley pattern.
We also got Biases. Red fib level by which are my ifs (biases) for the potential bearish pattern setups to be valid, hence they are my point of validity of all bear setups. Price breaking and closing below each fib level will invalidate certain bear setups hence giving me a lesser chance to take TP 1 atleast on the bull deep Gartley pattern. As the bear setups/patterns will be completed just above TP 1 and near to our TP 2.
Trade with care.
We also got Biases. Red fib level by which are my ifs (biases) for the potential bearish pattern setups to be valid, hence they are my point of validity of all bear setups. Price breaking and closing below each fib level will invalidate certain bear setups hence giving me a lesser chance to take TP 1 atleast on the bull deep Gartley pattern. As the bear setups/patterns will be completed just above TP 1 and near to our TP 2.
Trade with care.
Kommentar:
If you have rode this setup. TP 1 was taken, from a good long opportunity with a good weekly bullish engulfing candle.
Kommentar:
It's been a while, can we expect reversal now? We will see...
