Found a bearish gartley pattern in the USD/JPY 4h chart. Stops go above the X- leg. Profit targets at: .382 (hit) .618 and an extended target at 1.272 Lets see what happens
Found a Bullish Gartley that completed a couple of days ago. My first target would have been hit, and if we can break structure at 1.7200 it is possible to reach the .618 retracement
Trying to identify the Gartleys, and found this one... a week late. Still interesting and worth journaling. Targets at .618 and 1.272 S/L just above the X-leg
Counting the waves in a downtrend and trying to identify the reversal zone of the C-leg. Shorting when the .618 retracement is hit. Stops just above previous resistance levels. Targets at the base of the B-leg Let's se what happens :)
Love it when the count works out perfectly. First cycle all targets are hit with fib retracements and extensions. This is pure joy. I could do this all day :)
Possible outlook for facebook, EWT count and fib based rules for target. Count might be invalid due to wave 4 and 1 overlap. Future will tell. Wave 2 hit the .5 retracement of wave 1 Wave 3 overshot the 1.272 extension of wave 1 Wave 4 almost hit the .764 retracement of wave 1 Suggestions and ideas are welcome
Learning to count elliott waves. Analyzing with the help of fibs, and trying to create a system for entry & exit.
Any suggestions on how to make my EWT analysis better are welcome.
Short EurUSD. Almost overbought. Soon cross in MACD and seems like it cant break resistance. Almost shooting star.
15 Fib; RSI; MACD and support/resistance analysis
Technical analysis of euroyen with fibonacchi extension and retracement