A Gartley Sell Pattern has completed exactly at level 1 (meaning the AB swing is equal to the CD swing). Extensions are still a probability but a good entry could be the retest (if this happens to happen) of this level. Remember to always use your stop loss in case the pattern fails.
Kommentera:
Right now the price is making its correction. In case the pattern fails and gold still goes bullish, we would expect the extension to form at approximately 1.272 or 1.618 levels before making a strong reversal.