Here is usdJPY.......... Perhaps ab=cd is the bottom of the head and shoulders.
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Reversal Patterns
- Thread starter gartley222
- Start date
Any one have any info (pdf) or websites to read up on gartleys ?
I started into elliotwave and gartley and ABC corrections after wave 5 seem to be the same idea?
I started into elliotwave and gartley and ABC corrections after wave 5 seem to be the same idea?
after wave 5 sort of the same idea.... however gartley's are only valid when ab=cd in price.
NZD USD look like a temporary top. Ill update with charts later tonight..... It is still possible it could break the longer down trend line, however with $$ rallying i see possibility it acts as strong resistance......
Quote from gartley222:
Looks like EUR/GBP is moving along just fine. In tune with the gartley pattern. Perhaps Mon-Wed next week is down hill.
Attached is EURGBP a week later just want to show the power of gartley patterns when used correctly....... However some patterns can have a negative turn around. It is nice to use patterns with fundamentals to increase the probability of your trades. Also trusting the patterns sometimes is emotionally hard and will cause some traders to take hits when they should have just kept the stop loss.......