Friday, April 27, 2012

failed Gartley pattern - another scenario

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:
EURGBP - failed Gartley bullish



EURUSD - failed Gartley bullish


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