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ninjabenja
Jul 9, 2014 5:38 AM

Bullish Gartley forming, Bitstamp Daily Chart Short

Bitcoin / U.S. dollarBitstamp

Description

Since publishing the bearish bat pattern which completed at the $680 level (tradingview.com/v/I8CLTCjQ/) I've been watching this Gartley begin to take shape. We've officially hit every key level with remarkable precision and have only the 'D' leg remaining to complete. As with all advanced patterns, it is ill-advised to enter a trade based on what has yet to be confirmed. We wait until the pattern completes and have targets set in advance.

Here is yet another excellent resource for learning the ins and outs of a Gartley harmonic pattern:
trade-forex-harmonic-patterns.com/harmonic-gartley-pattern.html
Comments
cezarone
in the middle there is a pattern too :)
ninjabenja
I was following that as well (tradingview.com/x/HJgbtFkd) looking for a trade opportunity, but I was not able to identify a valid advanced pattern. I don't trade "W"s, much the same way I don't trade cup and handle as they are subjective observations of what price is doing. This is not to say that I didn't simply miss the pattern you're referring to. If you see a valid pattern, could you post a chart and identify it and the fib levels?
cezarone
I traded this tradingview.com/v/QRxAnrJ4/ in 600$ out 650$
I found a similar pattern like your tradingview.com/v/T20KS6Fq/ but D point little lower.
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