WE MIGHT HAVE A POSSIBLE BEARISH GARLTEY PATTERN IF WE SEE A 1.27% EXTENSION COMPLETION FO D LEG. STOPS ABOVE X TGT1 0.382% TGT2 0.618%
Hi all, Here we have a Bearish Gartley that might be setting up. D leg needs to complete at a 1.27% which also gives us a nice AB=CD pattern WE ALSO HAVE A NICE RISK REWARD ON THIS PATTERN STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% GOOD LUCK!!!
Here we have a Gartley pattern near completion. D leg needs to complete at a 1.27% in order to see a bearish Gartley pattern completion according to my rules. We will also have an ABCD pattern completion which adds to make it a valid Gartley pattern. Stops Above X TGT 1 0.382% TGT2 0.618%
The response of last week's test of following a single pair throughout the entire week was FANTASTIC! I really enjoyed doing it, and a lot of you really enjoyed seeing how my analysis (IF/THEN Thought Process) changes throughout the week. Per request, this week I'll be following the EURUSD. Now Monday's are typically my non-trading day. I will place them if...
A Bearish Gartley pattern has formed on the EUR/USD WEEKLY chart. This is a longer term pattern, so we will need to be patient. Will re-analyze if price exceeds point X and consider a possible Bullish position. Happy Trading!
waiting for the completion ... target 1 : 1.06752 on the 61,8% retracement target 2: 1.06054 on the 79% retracement
As we start to look back into the historical movements of the chart, we see that our Bullish Gartley was indeed confirmed, but now we move on to more possibilities within the Euro Dollar. The first leg of our bearish gartley is seen after we hit our final 61.8 target in the much larger and overpowering bullish gartley into the lower high of the uptrend. Let us...
As we focus on our advanced pattern recognition, our eyes start to pick up more and more. Following the calm of US Session, and looking at our other pairs (The Great British Pound), we can see a morning star has appeared on the 30 minute chart, which leads me to understand that there is a drop coming for a small amount of pips momentarily before we have a rally...
The EUR/USD has formed a Bearish Gartley on the 4-hr. chart. Also, there is a Bearish Engulfing candlestick pattern present. See chart for more information and pattern data. Happy Trading! Note: Please remember to use good money management (risk management) when you are trading. There are whole books dedicated to risk management (position sizing...). ...
US Dollar Index showing a Bearish Gartley pattern. This is a warning of a dollar pullback after the recent dollar strength. See chart for pattern data and more info.. Happy Trading.
Bearish Gartley has formed on the Daily chart of the SPDR S&P 500 Trust (SPY). Warning of a Stock Market pullback. See Chart for more information. This is in contrast to the Bullish Gartley we are seeing on the EUR/USD (and EUR/JPY) Daily charts.
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
EUR/USD has formed a Bearish Gartley and Evening Star candlestick pattern on the 4-hr. chart. See chart for more info.
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
A Bearish Gartley Pattern has formed on the Daily chart of the GBP/USD. See chart for pattern data. Please do your own calculations. Stop is Above X. I always put my stop Above X in a Bearish pattern and Below X in a Bullish pattern. Happy Trading! Note: Some traders use terms for some of these patterns that Scott Carney is credited with (Crab, Bat, etc.). ...
Target: 340 Stop Loss: 210 USD Base: myforexmagicwave.com Comment: We can see, that the first Gartley was a very nice example of the theoretical model from the link. There is a strong possibility that the second will be similar.
Potential Bearish Gartley on the 4 Hour Chart: To enter, drop down to the 60 minute and wait for a the retest of the 0.618. If it fails to break short at that level and place a stop just above the .786. Since we're in a downward trend you can take profits at the .382, .236, or lower if you're feeling daring!
Updated pattern data from previous post (Oct. 2nd) after USD/CAD moved up a little bit and formed a new D point. Also, the recent retracement has produced a Bearish Engulfing candlestick pattern on the Daily chart. This is a failed pattern but we only know this in hindsight. We are always just playing the odds. Every pattern will not work out 100% of the time. : )