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 .
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
Reply
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
Reply
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 ?
Reply
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
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out