When priceaction will close above point B there will be a setup for a cypher with completion around 120.34. T1 @ 0.382 and T2 @ 0.618.
P.S. Point B hits the 0.382 in my measurement. But it is very close. If somebody measures different please notify me.
I don't know where we are going with this. If we go up a Gartley will complete around 93.84. T1 @ 0.382 and T2 @ 0.618. If we go down a BAT will complete around 90.72. T1 @ 0.382 and T2 @ 0.618. Perhaps the SL on the BAT should be lower as a result of point A of the possible Gartley. And of course it is possible that first the Bat and the Gartley will complete.
Possible completion of Bat pattern on EURJPY. After pushing to point D completion around 148.750.
T1@147.800
T2@147.200
If the pattern is valid it is a pretty nice setup because of the structure @ 149.
Please comment!
Possible Gartley Pattern Setup.
After retracement to point C AND extension to point D the will occur a possible retracement to -.786.
The set up is also visible at the 15 min chart.
Please comment!
