Bearish Gartley in SPY

There is a bearish gartley pattern in the SPY             . This pattern is also seen in the well diversified NYSE index. This particular pattern gave a clue it might work with the 2 candlestick dojis at the D point of the pattern.

The sign of weakness today seems to confirm that this pattern is working and could lead to heavy selling going into next week.

Note that a harmonic pattern also displayed itself at the 1987 top and there was also a DOJI near the end of the pattern before the final crash leg unfolded.
You don't show what time scale you are working in?
TomNewYork Billhinge
these are daily price bars
Billhinge TomNewYork
Thank you ;-) Do you spot these by eye or do you use a pattern detector script? How necessary is it to get the numbers textbook accurate?
TomNewYork Billhinge
I use a pattern detector and there is a margin of error on the individual retracements.
Billhinge TomNewYork
Thanks, I use a pattern detector but even so they can be a bit less than obvious as to where to put the points
+1 Reply
TomNewYork BabushkaTrader
still think my post was bullshit ????
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