This first gartley pattern looks pretty good to me, the complition of the pattern meets with previus minor structure.
we also have an AB=CD muve and fibonacci ratio confluence creating a nice (KILL ZONE) where the price is most likely to reverse ( if it makes its way up there ).
The pattern ends up in 78.6 Fib retracement from "X" to "A" but I wouldnt surprice if it gets a lil higher than that, a short trend line is above our (killzone) and we have a previus major structure zone, all of this means that the market can easilly go up there so our stoploss NEEDS to be a few pips away from that particular major structure just to be safe.
The second Gartley pattern would end up in a strong higher timeframe support area, I don't care where the market desides to go, I'll have my limit orders resting. the second gartley tho, shows a hard time for the prz to go up if it gets hit, we have to many strong support turned resistance small timeframe trendlines and alot of shit going on that particular zone, so my advice would be to set 2 targets with the 2nd gartley, My rules doesn't let me do that, so I'll put my stop loss and take profit as always.
we also have an AB=CD muve and fibonacci ratio confluence creating a nice (KILL ZONE) where the price is most likely to reverse ( if it makes its way up there ).
The pattern ends up in 78.6 Fib retracement from "X" to "A" but I wouldnt surprice if it gets a lil higher than that, a short trend line is above our (killzone) and we have a previus major structure zone, all of this means that the market can easilly go up there so our stoploss NEEDS to be a few pips away from that particular major structure just to be safe.
The second Gartley pattern would end up in a strong higher timeframe support area, I don't care where the market desides to go, I'll have my limit orders resting. the second gartley tho, shows a hard time for the prz to go up if it gets hit, we have to many strong support turned resistance small timeframe trendlines and alot of shit going on that particular zone, so my advice would be to set 2 targets with the 2nd gartley, My rules doesn't let me do that, so I'll put my stop loss and take profit as always.
