AUDCAD - HUGE gartley setting up.

FX:AUDCAD   Australian Dollar/Canadian Dollar
191 7 4
Huge gartley / harmonic pattern setting up on AUDCAD             - ready to drop like Jerry Garcia's acid before a 30 minute solo. My target is the . 618 retracement of the CD leg.
I probably should have put bat in the title.
You're absolutely right dojitrader, and perhaps the bat is more likely. I usually say gartley-ish because some sites present ranges for retracements, while others present the patterns as *exact* spot on retracements. Sometimes you get a AB retracement of less than .618 but don't get a full bat pattern with AD at the .886. Doesn't really matter as long as you wait for the breakout. That's why I presented two possibilities.
What is Jerry Garcia's?
quakefiend Sandeep_Gupta
Jerry Garcia was the lead guitarist for the grateful dead and used copious amounts of LSD =P
Thanks, I am waiting.....I like the Jerry Garcia bit.....:-)
AB retracement is 0.568 of XA, quakefiend is undecided between Bat and Gartley may be that is why he has given two D's. The idea I gave was
+1 Reply
Not sure I understand what you're proposing ~~~~~
Your headline states this is a Gartley, Yet, you indicate two
point D's. The first at the .786 - which makes sense for a Gartley,
but, you also indicate a point D at the .886 which would be consistne
with a Bat pattern and that is the more logical pattern in this case
with the A to B leg being less than .618 ?
Are you thinking this might be both patterns, in a sense,
or giving a "gartley" extra room to roam with a general area
to short and not a specific Point to enter short ?

If you're interested:
A most accurate resource - Perhaps you've seen it already ~~~~~
thanks for your thoughts and good trading in 2014 !!!!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out