InsideMarket

AUDCAD - Possible Gartley pattern in play

FX:AUDCAD   Australian Dollar/Canadian Dollar
Update: At first I said the Gartley pattern was a Bat pattern . I corrected it.
Also, The Gartley pattern MAY BE a Butterfly pattern . This would invalid the whole analysis, even the Elliott ABC derived for the last impulse (the blue arrow).
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Following the Elliott correction of the previous impulse, it is possible the development of a Gartley pattern .

The PRZ is the potential reverse zone expected for both ABC pattern (Wave C been a 5 waves) and the advanced pattern .

Stick to your rules of engagement and play safe!

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