Divergent RSI with price, bear flag, fib extensions from local high-low not yet achieved, formation of bearish triangle. Measures move on indicators between $9667-$8600. Price short target (mid-term) $8800, mid-term trading range $9800-$8600. Longer-term possible price point reversals... $8167 (50%) $7184 (62%)
What is a Bullish Gartley Pattern?
First introduced in 1935 by trader H.M. Gartley in his book, “Profits in the Stock Market”
Contains an bullish ABCD pattern preceded by a significant high or low (point X)
A visual, geometric price/time pattern comprised of 4 consecutive price swings, or trends—looks somewhat like an “M” on price chart.
A leading indicator that...
Bitcoin, Bearish Gartley. I absolutely love math and statistics and when you can apply that with harmonics, it make you some money.
It never a sure thing but it can certainly gain you an edge.
The Gartley Pattern is one of the most traded harmonic patterns and can be applied to many markets and timeframes. It is a 5-point retracement structure that was...
