In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought if it fails will head down to form at least a butterfly at 1.1272
EUR/GBP Do we need more confirmations? What do you think?
AB=CD formation on USDMXD with a retracement of 0.786 Fib pattern will also be valid if it touches the 0.618 Fib but not over you can enter at point C and put stop loss above the 0.618 Fib
It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?
Very harmonic stock, first bat pattern start at July, which completes and reverses nicely in Oct. The D point of the first Bat Pattern forms the C point in AB=CD. D point reversal also forms the X leg of the second Bat Pattern of which the A point completes where AB=CD, and sharply reverses. Price reverses off the .886XA in the Gartley Pattern which Fibonacci...
FIRST, as we can all see ,gold has met the trend line resistant SECOND, gold has just ended the AB=CD move, theoretically gold will have more space to the downward at the future
Almost AB=CD pattern completes and also price at key resistence, Preferably short after watching price action.
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Downtrend - S/L 0,76250, T/P 0.71500
Buy at EPA line of Bearish Wolfe Wave pattern then take profit at target of ABCD pattern.
They say Americans do not drink from the small dishes
If we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level. As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in...