stefitch
Long

EURUSD Gartley

FX:EURUSD   Euro / U.S. Dollar
56 2 0
There's a Gartley forming on the 4hr time frame here with some previous structure at the level. Not a particularly pretty pattern but I will definitely be keeping an eye on this.
An interesting question to those that might now ---
Can you use highs for point C that are lower than highs
in between C and point A. My bet is that makes the an invalid pattern.
It might work, however because of the support area.
Hope it works for you but, there is nothing worse for a trader
than having a successful trade for the wrong reason.
Reply
stefitch dojitrader
For C not to be higher than an intermediate high the price would have to drop in a linear fashion rather than a usual stepped ABC style. Whilst this pattern has failed I think you are looking for the price to only move within the triangles drawn. These are merely there to depict the points of reversal. It is nice not to have them break out of the pattern but by and large this is not the case.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out