AUDCAD - Possible Gartley pattern in play
Update: At first I said the Gartley pattern was a Bat pattern. I corrected it.
Also, The Gartley pattern MAY BE a Butterfly pattern. This would invalid the whole analysis, even the Elliott ABC derived for the last impulse (the blue arrow).
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Following the Elliott correction of the previous impulse, it is possible the development of a Gartley pattern.
The PRZ is the potential reverse zone expected for both ABC pattern (Wave C been a 5 waves) and the advanced pattern.
Stick to your rules of engagement and play safe!
Also, The Gartley pattern MAY BE a Butterfly pattern. This would invalid the whole analysis, even the Elliott ABC derived for the last impulse (the blue arrow).
___________________
Following the Elliott correction of the previous impulse, it is possible the development of a Gartley pattern.
The PRZ is the potential reverse zone expected for both ABC pattern (Wave C been a 5 waves) and the advanced pattern.
Stick to your rules of engagement and play safe!
