EWA prepared by Mika @ Market Geometry
Another example with the bullish gartley
Mare sure you check also:
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
Gartley pattern failure setups
Confirmation methods - more to come...
According to the Elliott Wave Theory, the Gartley pattern shows an A-B-C correction (where point D of the Gartley should not surpass point A or it will be invalidated). Therefore the C-D part of the Gartley pattern should always be a 5 wave impulsive move. Once price retraces and surpasses wave 4, the completion of the impulsive 5 wave is confirmed. After that probability is very high price will surpass the initial A point of the move.
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Peter Noppen
the Netherlands
it is perfect.
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