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Passionate about the markets and Technical Analysis. The learning never stops!

Sunday, March 26, 2017

Spackman - Bullish Bat / Gartley Pattern for a swing up


I am looking to long Spackman (in the region 0.160 to 0.164) as it has formed a Bulllish Bat / Gartley Harmonic Pattern on it's chart.  

 Looking for a possible swing target of 0.174 to 0.205  (6.7% to 16.7% respectively) from it's last close at 0.163.  

 The initial stop loss will be placed 2 ticks below 0.154 (ie 0.152).  If it is able to reach 0.174, I am looking to take 1/3 profits and trail the remaining positions by moving my stops upwards.



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