glennmercer

BUY GMCR - Gartley, Alt. Bat, Butterfly Confluence

Long
NASDAQ:GMCR   None
GMCR is nearing the PRZ of 3 confluent advanced patterns: Gartley / Alternate Bat / Butterfly
There's also a S/R zone at previous structure that coincides with the PRZ of the advanced patterns.

Bullish Gartley
  • .786XA
  • .786AB=CD
  • 1.13BC
Bullish Alternate Bat
  • 1.13XA
  • 3.786BC
  • 2.24AB=CD
Bullish Butterfly
  • 1.272XA
  • 1.272AB=CD
  • 2BC
Targets are placed at the .382 and .618 retracements of the Gartley CD leg.
SL is placed below Gartley X point.

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