Reversal Patterns

[gartley222]

HERE IS EURGBP AFTER THE BREAK IN THE PRIOR POST. GOOD LUCK TRADING.....

 

[gartley222]

With the EUR rushing up last Thursday into the end of the week... Perhaps a reasonable pull back then new highs for 06

 

[gartley222]

Currently in a buy on the MACD and could potentially reach a large sell in the 1.330's........

 

[gartley222]

Looks Short for the time being... Question is where to bottom??? Time will tell.....

 

[gartley222]

SHS is the bull head and shoulders pattern where the XABCD is the possible gartley pattern. It i interesting to see the last 179 pip low brought a large bull run. once again there is a 179 pip low lets see if we have another large run up. Would be ironic.

 

[gartley222]

Looks like EUR/GBP is moving along just fine. In tune with the gartley pattern. Perhaps Mon-Wed next week is down hill.

 

[gartley222]

USDJPY looked short and was short.... Good trading all. lets see what next week brings......

 

[gartley222]

Sorry for the last post. It was supposed to be USDJPY.... Ill update it. It was the past H&S pattern completed. If interested look at your hour charts.

 

[illiquid]

Doesn't a broken bat qualifies as a crab, a broken crab qualifies as a butterfly, etc etc?

 

[gartley222]

Please elaborate.... What do you mean by broken. To be honest i never called any pattern a crab, or bat, just gartley reversal or butterfly reversal. Butterfly the X-D extension tends to be larger than the gartley X-D extensions. That is the only difference, and AB=CD in price on both patterns.