We have a nearly perfect bearish ABCD pattern reaching its D completion on EUDAUD H4 chart with a nearly overbought RSI. This pattern is also matched by an equal bullish moves of AB and CD. As for potential targets, we have a missed weekly pivot seating right at the 50% CD retracement that looks attainable, and could trigger a trade continuation opportunity....
A potential bullish Gartley pattern is forming on the M15 AUDUSD chart. I anticipate CD leg consolidating on the potential reversal zone between 0.78428 and 0.77382. If price action consolidates in this area, we could see an bullish reversal. This is a M15 chart and it may move fast - I will monitor it this evening and look for volatility on the Asia session to...
We have a potential long Gartley formation taking shape on the 4 hour EURJPY. I like the potential reversal zone between the 786 X-A fib and the 1.27 A-B ext. This level is supported by prior support and resistance on 9/13 and at the start of this formation. Aggressively (not me), we could look at the 132 level which is right before the D leg completion.
I...
Bear Gartley forming on the GBPUSD 15M chart - It is a nearly textbook formation.
Note that D leg popped up very fast this evening and we should wait for price action to settle right at the 1.27 A-B extension before deciding on an entry order.
-Paul
We have a potential bearish Gartley formation coming together for CADCHF on the M15 chart. I am not 100% on board with this formation due to two issues, first, the potential reversal zone is too large. The .786 X-A fib retracement is at the same level of the B point, and the distance to the 1.27 A-B extension is large. Also, B is touching .786 X-A fib, technically...
We are at an early stage of D leg formation. It is a long way to go but may be worth keeping an eye on it.
Noticeable point:
1) We have a missed weekly pivot at 1.30116 that is very close to the projected D completion point. The rationale is that price action will attempt to gravitate to pass missed pivots of a higher time frame.
2) Past held support structure...
