Don_Nilo

Potential Bearish Perfect Gartley in future

FX:EURUSD   Euro Fx/U.S. Dollar
72 0 2
I took 1.2500 as the Higher resistance level decently tested and it works to me. Its 38.20% level remain untested.

Consequently with the published idea Harmonic Bearish Opportunities a potential Bearish Perfect Gartley reveals itself

A) At the time the Bulls will complete the potential Bearish Butterfly @1.11xx (50% Fibonacci) it will create the a B point at 61.80%XA retracement then, the bearish can push the price down to retest 1.07500 zone.

B) At 1.07500 zone the AB leg will be 61.80% retraced creating the C point; and the opportunity to complete AB=CD will still be valid so; the Bulls can rally the price to 1.12500 zone that is the 78.60%XA retracement and complete the Perfect Gartley .

C) The 38.20% retracement of a mayor movement that star at 1.25000 will be tested.


Disclaimer: Never trade any of my ideas; always make your own analysis...but if the idea works, you own a cup of tea, thanks

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out