cdschultheis15
Long

XAG/USD Bullish Gartley or Crab Pattern

OANDA:XAGUSD   Silver
I love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement.

Today, we have a bullish gartley and crab on the XAG/USD             1h chart. With both pairs we are watching for the price to drop in the next few days.

I would say the gartley pattern is more likely since it is inside the channel.

However, if price breaks down below of the channel, look for the crab pattern .

The measurements for a valid gartley pattern are detailed below.
B: 0.618 ---> (0.618)
C: 0.382 - 0.886 ---> (0.638)
D: 1.272 - 1.618 ---> (1.418)
Final X to D: 0.786 ---> (0.786)

The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618 ---> (0.618
C: 0.382 - 0.886 ---> (0.638)
D: 2.24 - 3.618 ---> (3.534)
Final X to D: 1.618 ---> (1.618)

Please fee free to critique this analysis or give your own analysis in the comments below.

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Christopher D. Schultheis,
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