GBPUSD-Weekly Market Analysis-Mar22,Wk2

6 במרץ 2022

We have a Bullish Deep Gartley on the Daily Chart. There are 3 things that I'm not comfortable with this Deep Gartley Pattern are:
1) A retest at Point C
2) Consolidation right before the Gartley Pattern completion.
3) Strong Bearish Candle as the Terminal Bar of the Harmonic Pattern.

However, what's comforting to see is that the Weekly Support Zone(1.3220~1.31402) coincide with the Deep Gartley Pattern completion.

What you can look out for is a Double Bottom with RSI Divergence that can strengthen the bullish movement of this trading setup.