dojitrader

If I Could Only Count 5 Waves UP ???

Long
FX:EURGBP   Euro / British Pound
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}}
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.