There is something here a lot of traders haven't learned. #1. All patterns are graphical representations of either accumulation or distribution (which is what changes momentum). #2 Fib levels only show you levels of significant support and resistance. If a trader cannot put together that momentum begins changing long before we approach levels, then that trader will have a very hard time being consistent.
You are more than welcome to disagree with me that all patterns are either accumulation or distribution, and you can disagree with me that Fib levels are just significant levels of support or resistance. Does not matter to me either way.
Hi Akil.... Firstly, thanks for all the hard work you and the guys at trade empowered do....I'm new to trading and I've found the education I've gained through all your training material over the last 6months invaluable!!!! Thanks again and keep up the great work. Quick question.....I had a quick look at my charts this morning before I left for work......would I be right in saying this gartley failed to complete (no c leg completion...crossing .786 invalidating it!!) at least that's what I'm seeing. Many thanks in advance