Coinspeak Technical and Fundamental Market Analysis
The Gartley Pattern: 70% of the time it works every time.
Buy at ~60 with tight stop maybe at 58. Sell at 64 to complete C. Buy at ~$58 with stops at $53.5 and hold for next leg up.
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Don’t you want to see more confirmation? 40% of the pattern is still illusive…. TWLO hit “C” first and then retrace back down to “D” before predicting the move to $70?
Yes, I would usually be more patient. It looked like a possible early formation so I blogged to keep me honest about what I’m seeing in market, accurate or not.
Considering their news from Friday and afterhours price this possible setup is dead already.