FXTPTeam
Short

EURUSD 4h TF - bearish gartley

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             4h TF - soared high, reaching 1.117. The anticipated Gartley from 3 weeks ago has completed. Will it retrace, or continued higher??? #eurusd
can i ask you how you recognize a gartley or a crab pattern? i mean the difference are not so many
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FXTPTeam danndc
Hello dan, this is a good question. Basically Gartley can transformed into a crab very easily. It all depends on price movement and market analysis. Usually I work closely with S&R levels and market sentiment, to help me understand with is going on, feel the market and measure the possibilities. As we know, there aren't any clear rules for these kind of behaviors , but with time, you get the grasp. For example - this pattern, is questionable: From the one hand, the pair has soared and reached new highs, signaling a possible shift in sentiment (at least for the near future), and in case specific levels will get broken, it will go even higher. From the other hand, if it will retrace a bit lower, and break some levels, it can go easily to the 1st target of retracement...
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