Bearish Gartley Dollar Frank

23 במרץ 2017

Looks like we're slowly moving from bat week to bear week; yet another bearish harmonic pattern here- a perfect Gartley. We have weekly resistance at 1.024. This should give us a solid position for a bounce at the D point. Assuming price makes it that far- we will enter at between the D and X points with 2:1 risk, then set out our first TP level at 38.2% then again at 61.8%.

Gartley ratios

B: 0.618
C:0.382-0/886
D:1.272-1.618
xD: 0.786