Traders a possible opportunity to trade pullback bouncing off nice support shelf, this is a counter trend pullback trade so must wait for break and retest of wedge/squeeze pattern, entry on 15 min or 5 min engulfing candle, even better if it follows a pin bar.
What is a CG gartley (Chameleon Gartley)? well it is a gartley modified for a symmetrical ab=cd completion point. In this scenario is an A to B retracment of 0.707, the reciprocal of .707 is 1.141. A completion at 1.141 will give a equal ab=cd pattern also giving a better RR than traditional Gartley.
I take no credit for this pattern I learned it from Thomas Brandon.
Here we have a cypher, completion at 0.786 looking for correction to targets. I do a 1 in 1 out target to the 50 retracement, however the most common way to trade these patterns is a target 1 to .382 and target 2 to .618.
Traders we have possible Gartley pattern setting up, 2 targets to 38.2 and 61.8. personally I take one target a the 50 percent. This gartley kisses the 61.8 XA and AB almost to the tick, just adds a little more conformation.