Gartley Inception
Hey guys, it's actually the first time I'm doing this since I've only been trading for like a month now. Was learning a bit about the gartley, first time getting into recognizing patterns, and this particular pattern just got my attention, and noticed how btc's behaviour tends to fit well with it.
Drew this out of curiousity, I don't mind getting some feed back. Basically I saw on Russel's chart of the gartley in china market was completed, where price reached the D point of the one equivalent to the pink gartley, while in bfx it didn't, it just bounced off the trend line, which in china's case it went right through it. No wonder that at 560 level was consistantly being tested but support was much stronger. It still leads me to believe that this last small bearish gartley will lead the way for another attemp down to the 585 and if breached, then down to 560-565 where it will find a lot of support and maybe just get a candle wick past it. From here the retracement is complete and should generate enough momentum to go up and breach towards 620.
Drew this out of curiousity, I don't mind getting some feed back. Basically I saw on Russel's chart of the gartley in china market was completed, where price reached the D point of the one equivalent to the pink gartley, while in bfx it didn't, it just bounced off the trend line, which in china's case it went right through it. No wonder that at 560 level was consistantly being tested but support was much stronger. It still leads me to believe that this last small bearish gartley will lead the way for another attemp down to the 585 and if breached, then down to 560-565 where it will find a lot of support and maybe just get a candle wick past it. From here the retracement is complete and should generate enough momentum to go up and breach towards 620.
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