Another example of failing harmonic Gartley pattern. Common scenario.
Minimum point B price level was reached, but this is not what we usually expect when trading Gartley. We count for strong impuls (Elliott wave 3) to follow.
Here after reaching point B market continued to drop:
Mare sure you check also:
Gartley pattern definition and market position
Construct PRZ (Potential Reversal Zone) for the Gartley pattern
Gartley pattern confirmation methods - trendlines
Gartley pattern confirmation methods - divergences
Gartley pattern confirmation methods - combining timeframes
Gartley pattern confirmation methods - reversal candlestick patterns
Gartley pattern confirmation methods - AB ?= CD
Gartley pattern confirmation methods - volatility
Gartley pattern confirmation methods - cycles
Gartley pattern 70-80 success ratio
Confirmation methods - more to come...
perfect.
ReplyDeleteManagement Consultancy in Pakistan
Trade with Pakistan