Lots of TA probabilities fail, because there is no 100% correct indicator or trading pattern. If any trader could be right 100% of the time they would quickly be the richest person in the world, and quite famous.
In fact, if you look further, you will see that the trade almost got to the first take profit... but sometimes dramatic news can throw a pattern off.
PS. Anyone is allowed to post here. To suggest otherwise does not make sense. This way we can all follow who we want. You could start your own website where you control who does and doesn't post if you want to.
Do you still thing the Gartley pattern is gonna complete TP1, TP2 or TP3?
I am asking because of all the sideways movement; it is too much to complete the Gartley or the bat in my opinion. I actually took the trade, and closed it today because of all the sideways movement. I took a very small profit on it.
I am asking because I want to make a short position on S&P 500, for a move that I think might be a recession.
Also the Gartley pattern went on from your report, and first completed at 2805. According to Bulkowski, the last move in the Gartley pattern can only be 161,8% of the second last move (in price change that is) http://thepatternsite.com/GartleyBull.html, since it finished at 2805 this patterns CD side is more like 170% of the BC side, too much for even Bulkowski’s loose definitions.
Anyway, do you think the pattern still holds up with the move to 2805 before completing, and all the sideways movement at this point?
Hope for an answer.