Akil_Stokes
Short

EURUSD: Another Potential Advanced Pattern Completion

FX:EURUSD   Euro / U.S. Dollar
I usually say that I don't do too much charting on Monday's because the markets are usually slow. Well today the market is making me eat my words as I've already four Advanced Pattern Formations Complete along with numerous other potential opportunities under close watch.

This opportunity is a potential bearish Gartley Formation with a deep "D" completion due to the length of our "B" leg.

The circle drawn in at our "B" leg represents an example of My Favorite candlestick formation that I shared with traders this morning. (If you haven't seen the video it was posted about a month ago our Trade Empowered Youtube Page)
Comment: Potential Gartley formation has now been invalidated. Looking for Bearish Cypher instead
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Thanks for sharing your idea
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MindTrader PRO Akil_Stokes
thanks akil bro, really appreciated.
+1 Reply
No problem!!
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Hello Akil, Let’s say C leg was violated on 13/9/2016. Violated means the candle closed below C leg? Or there is another reason that invalidated the Potential Gartley formation?
+1 Reply
Because of the Deeper "C" the previous "B" must be adjusted and the adjusted "B" does not meet the rules for a gartley "B" leg.
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Makolico Akil_Stokes
Thank you Akil.
+1 Reply
No worries
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Why is invalidated? Is it because the C leg has touched the fib 88.6 and we cannot touch the 127 extension?
+1 Reply
Akil_Stokes PRO emmanuel.chisala
Due to the movement in price action the Gartley has now turned into a butterfly
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