A text book gartley by definition :) PA touched the 61.8 to classify for the gartley and is on it's way to the 78.6 to complete the pattern. However a bullish AB-CD completes a bit higher than the gartley @565 which could be the initial short The 565 is a nice res. at structure with possible dip lower to complete the gartley and turn bullish. Alternative view according to recent Euro weakness and NZD strength, could stop the PA and force a correction. Neither currencies show significant change in strength so fundamentals will decide the behavior in the near future.
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arfyyy
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ok i actually used my head and read what it say lol, ok other question is how good is gartleys indicator and which time frames is it best for
Regards
arfyyy
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Hi i am new to trading, could some please tell me what these two triangles are? i mean what the indicator is so i can do some research . and is it good? as i see alot of people making use of it on here
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