It's often hard to find harmony between BC legs in the Gartleys and the XA legs. They usually don't match up.
This is a different case in EURUSD. As you can see, the 1.272 extension of BC leg lies perfectly on the 78.6% retracement of the XA leg and also the 1.618 extension of the BC legs lies perfectly on the 88.6% retracement of the XA leg.
Beautiful Harmony.
As for trading this pattern, I would rather wait for the test of the reversal zones before deciding to take the trade or not, considering the price action in EURUSD is really bullish right now.
This is a different case in EURUSD. As you can see, the 1.272 extension of BC leg lies perfectly on the 78.6% retracement of the XA leg and also the 1.618 extension of the BC legs lies perfectly on the 88.6% retracement of the XA leg.
Beautiful Harmony.
As for trading this pattern, I would rather wait for the test of the reversal zones before deciding to take the trade or not, considering the price action in EURUSD is really bullish right now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.