gartley, 5-0 and channel.
Here we have a bearish 5-0 completing inside a channel. I have gone short since the top of the channel and will be holding that position until 0.985. The 5-0 also helps complete the consolidation waves of the Gartley. The Gartley completes among a strong pivot area on the daily chart where price has previous made a major reversal.
As previously mentioned, I am not most impressed by 5-0's but this set has multiple layers to it. This confluence is EXACTLY what we need when trading harmonics.
Gartley ratios
B: 0.618
C:0.382-0/886
D:1.272-1.618
xD: 0.786
As previously mentioned, I am not most impressed by 5-0's but this set has multiple layers to it. This confluence is EXACTLY what we need when trading harmonics.
Gartley ratios
B: 0.618
C:0.382-0/886
D:1.272-1.618
xD: 0.786
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