AUDUSD Bear Gartley @ 0.8153

FX:AUDUSD   Australian Dollar / U.S. Dollar
168 10 4
Good R:R on this Gartley if it completes up at 0.8153
Stops Above 0.8175

We cannot have incorrect levels in fib tools on tradingview.
That is what I am saying.. the B leg is 10 pips HIGHER than not AT 0.618... is this allowed?

The other thing is that, should we trade the D leg by 0.786 of XA or 1.272 of AB ??

Sorry if I'm loitering... just want to learn the right way and all the aspects..
Farik, There is no wrong or right way to trade this pattern. It will all depend on your own rules and your backtesting. my rules state that the B leg MUST touch the 618 but not the 786. The D completion will be the 127 extension of the A to B leg. If the pattern is perfect, there ill be an equal AB=CD move and a 786 completion.
farik666 J_Graystone
thanks..much clearer now!
jorgealvarez PRO J_Graystone
is it still valid when when C closes beyond 88.6?
HKM666 J_Graystone
The apple doesn´t fall too far away from the tree!
The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

I just cannot get it... whichever way I draw it.. the B leg is 10 pips higher than 0.618 ???
Is it still a valid Gartley??
Farik, i think you may be either drawing the Fib Retracement incorrectly, or have the incorrect levels in your tool? the B Completion is definitely higher than the 618
I'm also interested in your opinion if there is a pattern setting up in the AUD on the daily chart. I don't know the rules about retracement percentages etc., within the Gartley's, Bats or other patterns, but it sure looks it might be a bearish something. Your thoughts? Thanks! (I also think that at it's recent high, it's still within the expanding wedge/channel).
Good find J.G. you're certainly improving. Keep it up my friend
J_Graystone PRO Akil_Stokes
I have an awesome Mentor. I owe it to him! ;-)
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