we could be forming Bearish Gartley
. Notice I have 2 areas of completion. This is due to the fact that my AB=CD
is a 61.8 retracement. On a Gartley
if we have a C retracement of 38.2 the fib confluence is a 1.27 which lines up with our D completion of the 78.6. But if the C leg is 88.6, which in this case it is not, our zone can complete at the 1.618 area. A typical one to one ratio of ABCD
when C is the 61.8 is D at 1.618. So we have to let price come to you and then while using price action, take the trade.