Point C hit, next up the big D!!

19 abr 2022

Point C target hit plus back tested with the double bounce off the 618. The white fibs show potential places on the way up to D where we could expect a pull back. Same goes for the the green fibs. The D could extend as much as 1.618 which takes it to the white 1.168 fib, otherwise known as the golden ratio, around 16.2k. This bearish Gartley has so far played out perfectly and I see no reason why I shouldn't continue. I've adjusted the TF for the D to hit to the beginning of May because that's when the all important next FOMC meeting is.

I am long from C till D with SL on entry #riskmanagementiskey