I don't understand these Gartly things... Why does yours show an 18 bottom. And another user drew one to 12.
Please explain the logic used in creating them. Have you just arbitarily drawn it to 61fib retracement?
MY48
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@losingup, hi.as u know in MAX GARTLY,D point must be between 1.13 - 2.24 EXTBC .and i think,JUST think at 18 we have a heavy support.
losingup
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@MY48, Ah ok, so you have a judgement call between those bounds.
And furthermore, if the price action extends out the right hand side of your triangle; does that invalidate the idea?
losingup
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@losingup, eg. The guy who drew the 12 sats target; his triangle went basically straight down; and the price action was already to the right of him. I don't know if he's just doing it for pretty charting / make a point. But I suppose if the D point is within the range it doesn't matter.
MY48
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@losingup, i dont think so happen,cause if you draw RET XA u can see ./618 on 18
im sorry but its not gartley. that 0.548 should be 0.618 and that 0.613 should be 0.78.
MY48
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@S4jj4D, hi.i am agree with u.this is not gartly..this is MAX gartly.max gartly is a part of gartly that: point B can see between 38.2-61.8 and point D can be between 61.8-78.6
Please explain the logic used in creating them. Have you just arbitarily drawn it to 61fib retracement?