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Bearish Gartley

GBPUSD: Patterns for the Bulls and BearsHi Traders, Pound is setting up both Bullish and Bearish Gartley patterns on the hourly timeframe. Take your pic, or take both (assuming we go down before we go up)! Bullish Gartley setup Entry: 1.31700 Stop: 1.31250 1st target: 1.32100 2nd target: 1.32350 Bearish Gartley setup Entry: 1.32990 Stop: 1.33600 1st target: 1.32410 2nd target: 1.32010 It's been a big week for advanced patterns like these, although not many have been filled yet. Have a great weekend all, Luke
by Beebags
DAX: Short at 11077-11100September 1, 2016 That's a possible scenario :) Bearish Gartley Pattern confirmed with the CAC 40 (France). It's consistent with the target of the Dow Jones at 18850 and of the Nikkei at 17500. The CAC 40 will plummet after it gets to 4700. See my other posts for more info about the CAC. This is why the DAX is weaker than the CAC 40 and that US markets are also overall more resilient to grind up compared to the French index. Their targets are lower than those of the latter one.
INDEX:DEU40Short
by UnknownUnicorn569872
CAC 40 and the world: the End soon after the short at 4700August 31, 2016 Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100 I would go long now until 4700. Some bad resistance will have to be taken away at 4600 and 4666. It will drop from 4084 to 4709 in a single week. Probably in summer 2017 (August here). The ultimate target is around 3050-3100. Then I would go bullish until 4450 (May June 2019) then reshort a bit. We shall see !
INDEX:CAC40Short
by UnknownUnicorn569872
Getting involved in the potential C-D moveLooking for an opportunity to get involved in this downtrend move got a very nice potential Gartley formation coming right at structure. But this time the market gave me another signal that stick to my trading rules in order to enter in this position, we got a double bottom at a very psychological number of 101.000 with RSI divergence, so in this trade I'm entering with a very tight stop not looking for a trend reversal trade but a C-D completition move where I'm planning to reverse the position and go short. Keep it simple, and focus on the process Twitter: @JeanC680 Jean
by JeanConsole
2
Multiple confluences for a short opportunityWe formed an AB=CD move that completed right around the 1.270 ext area, and that makes us think that the market is moving in a harmonic and structural way. Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”-- So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP. Keep it simple, and focus on the process Jean Twitter: @Jeanc680
Short
by JeanConsole