Example where Elliott Wave theory confirms Gartley pattern validity:
For more about Gartley pattern confirmations read: Gartley pattern confirmations
Showing posts with label Forex Gartley pattern. Show all posts
Showing posts with label Forex Gartley pattern. Show all posts
Saturday, November 16, 2013
Thursday, March 7, 2013
deep harmonic Gartley pattern
Someone was asking lately if B point in the Gartley pattern can only be located around 61.8 XA swing retracement. Generally speaking yes, and we at TradingArsenal team try to stick with this assumption and restriction.
There are of course scenarios where B is located lower and deeper and still pattern looks so harmonic, with perfect AB=CD that it's too tempting for some traders to skip the opportunity.
We just had such an Gartley example on Forex EURJPY pair. It's a continuation Gartley pattern with pretty perfect AB=CD, although point B is located at 88.6.
To learn more about the Gartley patterns and about specific reversal and continuation versions read more here -> Gartley pattern - Table of Content
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There are of course scenarios where B is located lower and deeper and still pattern looks so harmonic, with perfect AB=CD that it's too tempting for some traders to skip the opportunity.
We just had such an Gartley example on Forex EURJPY pair. It's a continuation Gartley pattern with pretty perfect AB=CD, although point B is located at 88.6.
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| deep Gartley continuation pattern |
To learn more about the Gartley patterns and about specific reversal and continuation versions read more here -> Gartley pattern - Table of Content
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