ALI technically completed the Bearish Gartley harmonic pattern and fully tested the PRZ (Potential Reversal Zone ) around 39.56~40.95.
See previous analysis of this harmonic pattern for reference:
https://psetrends.blogspot.com/2017/05/ali-price-action-update.html
Trading Plan
- As noted in the previous analysis, completing the harmonic pattern is a potential profit taking opportunity. Scale down position or take some profit and profit run the rest of the position using trailing-stop.
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