Emaratilicious

EOS: Cup Pattern and Max Gartley For the Handle

Long
BITFINEX:EOSUSD   EOS / Dollar
BITFINEX:EOSUSD

  • Cup Pattern in the last stage. Waiting for the Handle to be completed
  • A Max Gartley shaped perfectly in the end of the Cup which might push to complete the Handle
  • Max Gartley Pattern Target between (1.6 - 1.8)
  • Cup/Handle Pattern Target is 2.1
Comment:
  • Here is a correct draw of Max Gartley Pattern.
  • As long the price didn't reach point (X), then both patterns are still valid
  • Price should breakout the navy line as a reversal point
Comment:
Trade closed: target reached

Comments

Umm... your gartley pattern is so wrong man. Gartley D retraces 0.786... not 1.07! Also your B is 0.81... max is 618 man. Never have I seen a more wrong gartley wrong :D
+1 Reply
@philakone



It is a Max Gartley but I draw it in a hurry
Reply
philakone Emaratilicious
@Emaratilicious, You're STILL drawing it wrong...You skipped the point in between X and A. and Clearly it's wrong because it didn't even play out! Harmonic patterns have a very high chance to play out. I highly suggest you review gartley and all the rules.
Reply
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