I have made a one of more harmonic bearish pattern at USDJPY D1. It's Gartley Bearish Pattern.
D point at 105.80. SL at 106.40 (BCD Fibo at 106.00) TP1 at 38,2% AD (103.58) TP2 at 61,8% AD (102.03)
I have made it as accurate as possible frome the original criterias. The ideal Gatley Bearis Pattern are :
1. X point on top
b. A point on bottom
c. B is 61,8% XA
d. C is 38,2% - 88,6% AB
e. D is 78,6% XA or 127% ext AB
f. TP1 38,2% AD TP2 61,8% AD SL (my initiatif) several point after D on BCD pattern ( I make 106.40 becouse 1,441 of BCD are 106.08). We know USD very violate. . .
D point at 105.80. SL at 106.40 (BCD Fibo at 106.00) TP1 at 38,2% AD (103.58) TP2 at 61,8% AD (102.03)
I have made it as accurate as possible frome the original criterias. The ideal Gatley Bearis Pattern are :
1. X point on top
b. A point on bottom
c. B is 61,8% XA
d. C is 38,2% - 88,6% AB
e. D is 78,6% XA or 127% ext AB
f. TP1 38,2% AD TP2 61,8% AD SL (my initiatif) several point after D on BCD pattern ( I make 106.40 becouse 1,441 of BCD are 106.08). We know USD very violate. . .
Trade active:
On CCI 21 HLC3, Now going up. On RSI 21 HCL3, now going up to 70. On SO 14,3,5 now has cross over up but stiil under 80. On OsMA 12,26,9 begin growing up. So my conclution is possible price to 105.80 before bearish. But if over to 106.40, so more possible growing up to 107.00 and next to up trend. . .
