Hello traders.
I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500.
There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction.
After that, I believe that I will fall like a rock. Here is my long-term forecast:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
I'm not a pattern trader. So, I won't take this trade, but I like to share it for those, who can trade patterns or like to look this chart in terms of correlation with SPX500.
There is a potential Gartley Pattern. I believe the target shouldn't be 0.382 or 0.618 retracement of down move. Because there is a chance for one more up impulse in order to create a regular flat correction.
After that, I believe that I will fall like a rock. Here is my long-term forecast:
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...