German DAX bearish GartelyGartely pattern with a 1:1 ratio between the AB and CD legs. Very tight confluence area between the 0.786 retracement and 1.272 extensions, which will be my entry point and is indicated by the blue area. A relatively high RSI indicates that there is room for a short-term move down.
Nice little potential day trade here for Monday.
I usually stick to FX but worth trying a few stock indices as well.
Gartely
AUDNZD waiting for a potential Gartely pattern Can see a potential Gartely pattern.
B point falls nicely between the .618 and .786 retracements. I'll be looking to go short around the 1.272 extension as shown by the dark blue box. I'm currently experimenting with stop losses and take profits on the demo account.
Let me know what you think, and pointers that might help me along my way will be much appreciated.