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Technician
Nov 29, 2013 4:00 PM

Silver Going Higher Next Week on Harmonic Gartley ? Long

FX:XAGUSD1D
Silver/U.S. DollarFXCM

Description

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Not Ideal but valid Bullish Gartley harmonic sequence in play, supported by a swing failure in bearish momentum, and a bullish candle stick formation
Comments
Technician
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Leclaireur
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How do you see a pattern failure when Gartley numbers were wrong?
Leclaireur
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investopedia.com/terms/g/gartley.asp
382 and 786 are upper and lower values
Leclaireur
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I see a simple double bottom there, no Gartley
Leclaireur
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559 on top is an invalid gartley
Technician
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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.
Technician
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a 0.382-0.886 for BC is valid range.
harmonictrader.com/price_patternsgartley.htm
Leclaireur
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You don't have 0.382 nor 0.886, you have 0.56 for top
Technician
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Technician
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