Hi traders,
Bearish Gartley on the 4H has been completed. Wait for a double top (M) formation on the 15M or 1H chart for a clear sign to enter the trade. Best case scenario would be a double top at the high of the day or a sign of weakness at the ADR high.
An entry right as soon as the pattern fires is also possible, but further price action knowledge is required...
BTC/USD is approaching this decision zone where the bearish trend line crosses the bullish one on the daily chart.
On the 4h chart, we can see a bearish Gartley pattern forming which ends at the $7500 to $7700 range, which is a heavy resistance area, so we might see BTC once again test daily uptrend line and find support at $6500 to $6600 range.
On the hourly...
Hello. Here we got a nice bearish gartley pattern.
We will short now, because we allredy hit the D point.
Target's will be
Target 1: 23776.3
Target 2: 23594.5
stop loss: 24260.9
If u want more conformation, look for some chart patterns.
RSI: close to oversold.
Just had this idea of big bearish Gartley forming. 4h Rsi bouncing off of short term trend line towards upper downtrend rsi line. 4h Macd heading towards trend line to touch the Macd-spike downtrend line on log chart (8100-8300).
This would make a very big bearish Gartley pattern, which would lead to a big drop under 6k (I´m thinking it could possibly go as...
Hello, hope u all have a great easter.
Here i looking on Australian doller/Canadian dollar.
We got some sideway's trend.
ill, be looking for the 0.786 fibonacci retracement X-A leg.
Target 1: 0.99059
Target 2: 0.98969
stop loss:0.99310
There will mine gartley complete.
We also got a nice falg pennet, if we broke over/under, that i will wait for a pullback,...
• B point precise 0.618 retracement.
• C point 0.382–0.886 range.
• XA D point 0.786 retracement.
• B-C projection 1.13, 1.27, 1.41, 1.618.
• AB=CD 1.00.
We have a possible bearish gartley pattern on the weekly chart of the GBPCAD pair supported by the weekly horizontal support lines. Leg D completion should be completed at the end of the week for a possible short position.
Thanks.
Crude (Brent or WTI) broke out their respective consolidation range over the last few days and are completing an xABCD pattern. If you would to pull out the weekly chart for CB11, you should be able to trace out an ABCD completion. Downside projection suggest a low teen downside target to $60 for CB1! and $57 for CL1!. Most traders are looking at inventory...
Allredy in short on the dailey on this, if u want to get a nice litlle pips, maybe look for this trade.
Gartley complete in D : 1.39751
Target 1: 1.39557
Target 2: 1.39441
Stop loss: 1.139942.
I'm not sure if this pattern works in such a small time frame.
But the retracement is perfect.
.618 on the midpoint from the initial drop...
.786 on the end point from the drop.
... so if this usage is correct.... we're going down.
But like I said. Very small time frame.
So let's see.
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