I shorted the CD-leg of this Gartley based on the structure (double top) and it is slowly tracing down towards completion. Currently it is fighting against the structure of the B-point.
The Gartley completes around the 92.00 even handle (BC 1.414 inverted extension, AB 1.272 extension and .886 XA retracement align nicely here).
However, there is also an AB=CD pattern that completes @ the 1.618 AB extension and which would retest previous lows. There are only 15 pips between the completion of both, so which one is it going to be ? I'll definitely put this on my watchlist.
Comments and findings always welcome, and if this completes and you enter a trade based upon it, may the pips be with you !
The Gartley completes around the 92.00 even handle (BC 1.414 inverted extension, AB 1.272 extension and .886 XA retracement align nicely here).
However, there is also an AB=CD pattern that completes @ the 1.618 AB extension and which would retest previous lows. There are only 15 pips between the completion of both, so which one is it going to be ? I'll definitely put this on my watchlist.
Comments and findings always welcome, and if this completes and you enter a trade based upon it, may the pips be with you !
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► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle