A Gtartley Pattern completion with a double bottom and now 2618 opportunity on the lower time frame. I wouldn't trade it was a gartley and attempt to use 2618 stops, but you can certainly look to protect profit or shoot for extended targets based off of the higher timeframe pattern including the potential bearish cypher that still exists
Hello, I have looked your chart , as a result what we can understand, Gold will go 1180.. or it will be increase in a short time.
Akil_Stokes
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I would never be as confident enough as to say anything "will" go anywhere. The market has a habit of doing what it wants when it wants. The best we can do is know how to react once the market goes to certain levels.
Davis
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hey, Akil! Why wouldn`t you trade it as a gartley and use 2618 stops? or in other words - why wouldn`t you use 2618 as a reason for entry?
Akil_Stokes
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You can use the 2618 as reason for entry but then you should be trading it as a 2618. the reason i wouldn't do it the other way is because the 2618 trade can easily be busted out while still leaving us with a valid advanced pattern. Very good question!
Davis
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Thank you Akil :) This cleared up quite a lot of questions for me!