efirestone

EURUSD Gartley and Potential Butterfly Pattern

Long
FX:EURUSD   Euro / U.S. Dollar
We have a Gartley pattern that completed the D point during Brexit. Due to the significant thrust from C to D and lack of time symmetry my thought is the Gartley pattern will be invalidated and we will extend down into the Butterfly pattern. IMO this will likely get closer to the 1.618 extension, but is a valid bullish pattern once the 1.272 extension is reached.

I will be watching this one closely.
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.