TheSpringHunter

Gartley and a Cypher brotherhood - short DOW

Short
EIGHTCAP:US30   Indice Dow Jones Industriel Moyen
Despite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area).
Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade.

Protecting stop at 1 to 1 then and aiming for some runner that really needs to drop to make our RR interesting.


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