kinetix360
Long

Bullish Gartly and Shark pattern potential for $EURSD

FX:EURUSD   Euro Fx/U.S. Dollar
$EURUSD has been bearish for 5th of May 2014. this bearish is expected to find the strong support area @ 1.3575 area. The possible pattern is Bullish Gartley and Bullish Shark Pattern. if this support area can hold, my 1st bullish target will be around 1.3795 and next will be 1.3950 level.
two observations:
1) the blue pattern is not a Gartley, it's a BAT. Gartley has B leg exactly at .618, while you are showing .575. This leads to a BAT, who's D point is at .886 and not at .834 (no pattern complete at .834).
2) in the shark you are not considering the high spike just short of 1.400 (NFP data day).

hope this helps
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for history data the longest period beyond of a bottom line of Stoch RSI show max 13-15 days. Those says from May 12th should be May 27th - 28th or it's going to be another record for oversold position.
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i feel that EURUSD will find support longer time then USDCHF.
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