Double top and harmonic stack
Double top, bearish gartley and a finishing bullish gartley
Price recently rejected a major zone of resistance (yellow) with heavy divergence and a flat structure on the lower TF
Price momentum currently pushing down to lower support
TP 1 - Set right below the demand high line (orange) at an area of strong support
TP 2 - set in the zone between trend line support (red) and extreme demand zone (blue)
TP 3 - set at the swing low of the entire structure (ABC) within the trading range (white)
If price falls within these ranges then we will have completed a running flat and gartley will have validated
If price passes all three zones then TP 3 will be running and the perspective will be changed to an expanded flat where the TP will be placed at a lower support in conduction with fibonacci
Price recently rejected a major zone of resistance (yellow) with heavy divergence and a flat structure on the lower TF
Price momentum currently pushing down to lower support
TP 1 - Set right below the demand high line (orange) at an area of strong support
TP 2 - set in the zone between trend line support (red) and extreme demand zone (blue)
TP 3 - set at the swing low of the entire structure (ABC) within the trading range (white)
If price falls within these ranges then we will have completed a running flat and gartley will have validated
If price passes all three zones then TP 3 will be running and the perspective will be changed to an expanded flat where the TP will be placed at a lower support in conduction with fibonacci
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