Divergence (4 hour) and Gartley pattern (on daily)

Started on October 2nd, 2015 there is a Gartley Pattern formed on the daily chart. I found out about the Gartley pattern by analyzing the higher timeframe, after i noted divergence (started on April 27, 2016) on the 4 hour chart. Yesterday (May 18, 2016) was there the breakout out of the down-going channel and the retracement / test of this channel. This all happend around the 1.272 AB (between 1.272 and 1.414) projection of the Gartley pattern.

This in mind looks like a good startingpoint for a long position, with the stoploss under x of the formed Gartley pattern.

* I'm just starting with publishing so every comment is welcome. I have a lot to learn.
Make your own tradingplan, I'm not responsible for your own decisions.

Commentaire:

Still in the game