}
Hi dear friends, hope you are well and welcome to the new update on Theta Fuel (TFUEL).
On the daily time frame chart, the price action has formed a Gartley pattern .
Buying and sell targets:
The buying and sell targets as per the Fibonacci sequence of the Gartley pattern should be:
Buy between: $0.4024 to $0.3572
Sell between: $0.4380 to $0.5233
Stop loss:
The maximum extent of potential reversal zone $0.5875 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 46.5% and the loss possibility is 12%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For more harmonic trading ideas you can join me at: