Sloppy Gartley Pattern. D. area needs to be respected. Red Candles confirming this move.
Comments
JamesBrown
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I saw you post about EURUSD. Here's another harmonic pattern in play for that pair.
As you can see, the Cypher paid of hugely on this one.
JamesBrown
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Ratios are off. Price dropping below C invalidates the "official" Gartley. C should fall between 0.38 and 0.886, but, I, personally would allow for 0.33 to maybe up to 0.92ish.
There are two harmonic patterns I know of that allow for C to extend, they're the "Cypher" (C can be between 1.13 to 1.414 of XA) and the "Shark" (C between 1.13 and 1.618 of XA). Both of which are shown in my chart below (D for the shark can range anywhere from 0.886 to 1.13).
As you can see, the Cypher paid of hugely on this one.