I'm looking at 2 completed harmonics. Blue cypher pattern which retraced to 50% and then continued uptrend. The orange leg is a completion of a bearish shark pattern. Here I have my 1st pending long order at 50% retracement based
on previous pattern. On the flip side if the 50% doesn't hold a deeper retrace to the 8MA day might be possible indicating a possible 4th wave of the Elliot theory. I'm looking for bullish entries to continue support of a possible Gartley pattern on the day frame. I might enter manually based on price signal around the 38%.
on previous pattern. On the flip side if the 50% doesn't hold a deeper retrace to the 8MA day might be possible indicating a possible 4th wave of the Elliot theory. I'm looking for bullish entries to continue support of a possible Gartley pattern on the day frame. I might enter manually based on price signal around the 38%.