This harmonic Gartley pattern has a potential to touch the 200 moving average.
The 88.60% of AB is the possible resistance and could confirm the fake break out and false target price of H&S pattern.
Below the 200 moving average is 78.60% of XA which is within the target zone of Gartley D leg.
PRZ - 113% - 161.8% - BC
Potential Deep crab forming on USDJPY Daily chart along with bearish gartley on lower timeframe giving us more confirmation price could potentially be moving towards these targets.
I will wait for markets to open and let price settle before publishing updates, but at the moment USDJPY looks long in the short term!
Looking on the daily chart of the GBP/PLN currency pair we may spot a strong upward movement that is trying to break a potential resistance set by the previous top at 5,17. The current rally may be the consequence of a previously described harmonic pattern which looks like a Gartley pattern.
Using a Fibo expansion tool we may spot other potential targets for the...
Currently short with this gartley advanced pattern formation looking to take Target 1 at 1.33525 also 38.2 fib retrace and Target 2 at 1.33232 61.80 fib retrace
First orders have been filled as price was hit back pretty strongly. Usually price comes back into the entry area ad provides more beneficial entries than chasing the price at this stage
Greetings,
On the chart you see two overlapping gartley patterns of which point D would be at 1.0666,
a perfect number for a short. The chart counts two invisible pitchfork tools of which I have only left the intersecting trendlines at D.
These pitchfork trendlines are the dotted blue and dotted purple lines. If requested I will post the chart with the...
