In any case, the pattern contains a bullish or bearish ABCD pattern, but is preceded by a point (X) that is beyond point D.
The “perfect” Gartley pattern has the following characteristics:
Move AB should be the .618 retracement of move XA.
Move BC should be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD...
Bhartiartl made double bottom and still to break neckline, can long till gartley prz which is at 600... As per my observation it will react at prz i.e. 600 and give a small down correction/retracement and move up ... Traget on chart...
ETH forming a symmetrical triangle- will be watching closely to see which way it breaks for possible long entries.
- Buyer volume is drying up and bearish divergence on the RSI
- Bearish Gartley formed on the 30-minute timeframe
First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏
Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ).
My idea :...
Price fooling around at the 0.786. Not shown here but notable is the declining volume in advancers at this price.
OFC the nutty market can fool us again but going long here would be a low reward position IMO.
Not investing advice; trade at ur own risk; GLTA!
Coming off a double bottom and a Harmonic Bat, PYPL appears headed towards 290+ and a Bearish Gartley formation.
A little overbought, PayPal needs to clear $258.50+ to achieve our objective.
As always do your own due diligence !
USDJPY is having a bit of consolidation for the time being. I'm waiting for the market to retest back to 108.63 for a buying opportunity within the potential bullish flag pattern and might just extend my final target to the potential Gartley Pattern that might form on the Daily Chart.