Here we see a gartley pattern that was powered by another gartley pattern in some consolidation on the 30 min USD/CAD charts.
If you were smarter than me, you noticed the original Gartley pattern formed in this consolidation (highlighted in orange). I personally did not trade this pattern, but it played out perfectly to the 1.618 extension of the BC leg. That rally of the BC leg happened to complete a much larger Gartley pattern just over the original suggesting an immediate reversal of the market.
SO reversal of the market is what we prepare for. As you can see i placed my entry at the near end of the gartley pattern, waiting for a few pips of a wave change to tell me it was done with it's rally. I placed my stop at the highest high of the Gartley pattern; and obviously I placed my stop at, you guessed it, the 1.618 extension of the BC leg. I expect this trade to take all night for me, so im going to let it go and cross my fingers.
Thanks for checking this out, the views are always nice, even nicer if you could like comment and even follow.
Goodnight folks, and good trading
If you were smarter than me, you noticed the original Gartley pattern formed in this consolidation (highlighted in orange). I personally did not trade this pattern, but it played out perfectly to the 1.618 extension of the BC leg. That rally of the BC leg happened to complete a much larger Gartley pattern just over the original suggesting an immediate reversal of the market.
SO reversal of the market is what we prepare for. As you can see i placed my entry at the near end of the gartley pattern, waiting for a few pips of a wave change to tell me it was done with it's rally. I placed my stop at the highest high of the Gartley pattern; and obviously I placed my stop at, you guessed it, the 1.618 extension of the BC leg. I expect this trade to take all night for me, so im going to let it go and cross my fingers.
Thanks for checking this out, the views are always nice, even nicer if you could like comment and even follow.
Goodnight folks, and good trading