theb0x

H1 Potential Bearish Gartley

FX:GBPUSD   British Pound/U.S. Dollar
98 4 0
H1 bearish gartley .... but if market violates the A leg ( red support line ) it will invalidate the gartley pattern .
Shadowbrokerltd
3 years ago
and what comes next if it reached the 1.61191? what do we expect.
Sorry I am a beginner so forgive my questions if sound stupid
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theb0x
3 years ago
If market breaks and close below the A leg ( 161191 ) level, it means that this gartley is an invalid pattern, so potentially market is now moving into a bearish trend since it breaks and close below the previous structure support
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dojitrader
3 years ago
I'm curious ! If the ideal Gartley completes with the c to d leg at .786 and a 1.27 extension: why are you using .96 and 1.333 ?
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theb0x
3 years ago
Thats a good question dojitrader.

Check out my fibs retracement & extension.
Gartley Fibs n ext


Anyway... i guess its because its not a perfect gartley pattern

a perfect gartley pattern wuld have a retracement of 0.618 and 0.618 on the legs..

but in this gartley pattern

The C leg retracement level is quite deep. it hits 0. 786
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