dojitrader
Long

If I Could Only Count 5 Waves UP ???

FX:EURGBP   Euro / British Pound
101 3 3
This Gartley pattern is not very bullish , except for the
1.272 of A to B meeting @ the .786,
But, when you try and label the EW count it looks completely
corrective and not even "close" to being bullish .
So, unless this is an X wave for a more complex corrective
price action - the Gartley is doomed to failure.
Thus, I'll be seeking extra clear guidance form the candlesticks
and a Large divergence with the RSI for extremely low risk.
Otherwise this one gets ignored.
(of course, simply watching a trade usually makes it successful, right ?)
{{don't know why but the Maybe X is in the wrong place - see below}}
also this is possible
snapshot

and this
snapshot

all looks valid
Reply
dojitrader angrybear168
Both are definite possibilities and I'd probably be
more confident about a short than a long.
Reply
Don't know why but it did not place the Maybe X
in the right spot
snapshot
Reply
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