A bearish Gartley harmonic pattern has completed on the 4 hour timeframe of Bitcoin suggesting a potential pullback. The pattern also has some indicators divergence as a confluence. Short position opened at the lower high has downside targets at the 38.2% and 61.8% Fibonacci retracements. Stop loss placed just above the lower high to protect against invalidation.
Cheers my fellow traders.
Cheers my fellow traders.
Trade closed: stop reached
Testing out these harmonic patterns. Stop loss hit and trade closed in a small loss. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.