dojitrader

Another Imperfect Gartley --- Maybe ?

FX:EURUSD   Euro Fx/U.S. Dollar
161 4 0
Did not see where anyone else had posted this set up. Looked because I thought
I'd seen such a post, but, passed it off thinking Euro             would turn down much before
the target. Ha ha ha ha ha ha ha h ah a
I call it imperfect because the A to B leg is less than .618 fib and as such the
probabilities of being profitable are reduced.
However, my EW analysis has given me 2 early entries that did not work out,
SO, how about this as I still think the Euro             is headed lower. ?
Thus this may be a with 1.618 of A to B and .786/.886 of X to A confluence with D
Third Try Is The Charm ???
beavendavis
3 years ago
Looks like you ould be correct so do ufeel the target is 1.34702?
Reply
dojitrader
3 years ago
With the A to B leg retracing only .50 % or so this pattern is better identified as a Bat pattern
Thus, it would be complete @ ,886 which is right around 1.3772
Reply
tntsunrise TOP
3 years ago
Hey Trader. This is a Bat pattern, where the B touch 0.50 but did not touch 0.618, there fore the D entry will be around 0.886 AND 1.618 confluence area
Reply
dojitrader
3 years ago
Yes, had you read the comment just above yours, you would have seen that i corrected myself !
Reply
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