Technically, with advanced formations When B-point is less than 0.618XA we have a bat formation that conpletes at 0.886XA. At the same time, with harmonic approach, when the B-point is relatively close to 0.618XA (it is 0.612XA on the chart) then it is considered a gartley with an entry around 0.786. Although, I am an advanced formation trader, in situations like this one I pay attention to harmonic analysis. This pattern may start the journey a bit earlier. My decision is to wait for the wedge breakout. If it breaks it before my entries hit then I enter at market. Hope, it makes sence for you, guys. If no then never mind.
Orden cancelada:
orders cancelled as consolidation broke to the upside.
Comentarios:
moreover, the broke pattern support the power of cable. look for buying opportunities.