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OMGBTC Textbook Bearish Gartley

BITFINEX:OMGBTC   OmiseGo / Bitcoin
The main rules of a gartley are as follows from profitF.com

The main rules of the Bullish and Bearish Gartley are as follows:

AB must retrace 61.8% of the XA leg
BC             can retrace between 38.2% – 88.6% of AB
CD can be an extension of 1.272% – 1.618% of AB
CD can also be a retracement of up to 78.6% of XA leg
The point D is known as the PRZ or Potential Reversal Zone
From Point D, a trade can be entered with stops at or above (below) the price point at X.



I've played the stop loss and target 1 at the correct levels as well.
Almost....
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RIP
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Interesting analysis. Thanks for the insight
+1 Antworten
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