Still Bearish on GBPUSD?

FX:GBPUSD   British Pound / U.S. Dollar
30 2 2
Bearish Gartley 4H at a reasonable structure zone.
C point doesn't touch 0.618. The C piont is the only point that distinguishes potential gartly from potential crab. Crab's C piont is less then 0.618. But the structure is in your favour. If you move your B point to 1.5220-22, your gartley will turn into bat.
ssaethre Alexander_Nikitin
Elements of Gartley Pattern:

Point B exactly at 61.8% retracement of XA wave
Projection of external BC must not exceed 1.618
Equivalence of AB = CD is the most common
Point D at 78.6% of XA retracement
Point C must form inside of the range between 38.2%-88.6% retracement of AB wave.

I don't allways use my fibonacci tool to measure out all the levels and I agree with you that the Bat pattern would be the more appropriate pattern in this case.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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