Bearish Gartley Pattern - The Warning Sign
Hello, dear subscribers!
Let's consider the most common bearish sign which can be founded on the market - the bearish Gartley formation.
This pattern takes place when there was a huge dump like from point X to point A. After that we have the small bounce from A to B, but the decline continue from B to C. There is a massive growth almost to the the X point level (see point D) at the end of this price action.
It seems that the downtrend is over and bulls dominate again. We can see two signs of the new uptrend beginning: the higher lows (point C is higher than A) and highs (point D is higher than B).
Here is a big danger now. Until the price is not reached the X point level, the bearish Gartley pattern formation can play. If the Gartley pattern have approximately the same characteristics as numbers on the chart there is the high probability of price dump to the price level between points A and C.
Be very careful when you analyze the trend reverse opportunity, this bearish sign can take place.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Let's consider the most common bearish sign which can be founded on the market - the bearish Gartley formation.
This pattern takes place when there was a huge dump like from point X to point A. After that we have the small bounce from A to B, but the decline continue from B to C. There is a massive growth almost to the the X point level (see point D) at the end of this price action.
It seems that the downtrend is over and bulls dominate again. We can see two signs of the new uptrend beginning: the higher lows (point C is higher than A) and highs (point D is higher than B).
Here is a big danger now. Until the price is not reached the X point level, the bearish Gartley pattern formation can play. If the Gartley pattern have approximately the same characteristics as numbers on the chart there is the high probability of price dump to the price level between points A and C.
Be very careful when you analyze the trend reverse opportunity, this bearish sign can take place.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
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