Technician
Long

Silver Going Higher Next Week on Harmonic Gartley ?

FX:XAGUSD   Silver/U.S. Dollar
612 13 3
Not Ideal but valid Bullish Gartley harmonic sequence in play, supported by a swing failure in bearish momentum, and a bullish candle stick formation
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I see it in a downtrend but this may include a rise. I don't expect it to exceed 21 but even a rise to your downtrend line wouldn't change the bearish view.
By the way: why don't I see the parameter of you MA? In other charts I can see the parameters of indicators.
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Leclaireur Technician
How do you see a pattern failure when Gartley numbers were wrong?
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Leclaireur Leclaireur
http://www.investopedia.com/terms/g/gartley.asp
382 and 786 are upper and lower values
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Leclaireur Leclaireur
I see a simple double bottom there, no Gartley
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Leclaireur Leclaireur
559 on top is an invalid gartley
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Technician TOP Leclaireur
AB~61.8 OF XA, BC is nearly 61.8 of AB. a valid sequence.
However, a distinct AB=CD is not there.
I mentioned its not an ideal pattern by the way.
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Technician TOP Leclaireur
a 0.382-0.886 for BC is valid range.
http://www.harmonictrader.com/price_patternsgartley.htm
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Leclaireur Technician
You don't have 0.382 nor 0.886, you have 0.56 for top
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Technician TOP Leclaireur
snapshot
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Technician TOP Technician
snapshot
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Technician TOP Leclaireur
This is not an ideal classic double top by the way
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Leclaireur Technician
I didnt mention a double top, I mentioned a double bottom
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