Well point 5 is typically a 1.618 extension, however I have used 1.707 and 1.786. Point 5 usually acts as a false breack out.
Reversal Patterns
- Thread starter gartley222
- Start date
Well point 5 is typically a 1.618 extension, however I have used 1.707 and 1.786. Point 5 usually acts as a false breack out.
USDCAD Gartley Pattern. Hourly chart.
Sorry for the dumb question, but according to the chart then we are looking at a down move in the chart, correct?
Yes a move down.
Could you elaborate on your post from 03 Sep 2008? You posted a chart. I think I know what you intend to show but a couple of sentences would be very helpful. I don't follow the down arrow other than the obvious.
gartley222,
Would you be able to post anything else you may follow, i.e. chart or comments? I find everything you've posted so far to be fascinating. Also, any suggestions regarding books/web sites etc? I purchased Suri's book and it is excellent. I immediately put a lot of it to use profitably.
Regards,
John
Would you be able to post anything else you may follow, i.e. chart or comments? I find everything you've posted so far to be fascinating. Also, any suggestions regarding books/web sites etc? I purchased Suri's book and it is excellent. I immediately put a lot of it to use profitably.
Regards,
John
trackstar (anyone),
Have you taken the wolfe wave training offered by wolfewave.com?
Regards,
John
EUR/USD Butterfly.