Target hit! I posted yesterday "My expectation though, is to cut right through it." with regard to the previous consolidation level. This was because we already bounced off it once and came right back, plus we were looking strong after the Ag report came out yesterday. Well, take a look at the Daily chart above. Please just focus on the yellow annotations, and of course, the candles. I think that qualifies as "cutting right through it".
So we hit our 744 target and then some, and its currently only 12:12pm ET as I write this. There's enough time to continue up to the 763 .786AD secondary target, but I'm not trading that one. These Gartley patterns are terrific!
Summary:
Entry 725 3/4
Exit 744
Profit 744 - 725 3/4 = 18 1/4 * $10/pt = $182.50
If we used the ZW full sized contract: Profit 744 - 725 3/4 = 18 1/4 * $50/pt = $912.50
We've had 3 actual trades within this Gartley pattern since this thread began. Here is the net:
9/20/21 -$120
9/24/21 +$183.75
10/1/21 +$182.50
Net +$246.25 profit.
If we used the full sized ZW contract it would have been $246.25 * 5 = +$1,231.25
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