BitcoinShort
Monthly Harmonic Gartley Pattern
Possible monthly Gartley Pattern on Bitcoin.
As a harmonic pattern, the Gartley swings should correspond to specific Fibonacci levels:
XA could be any move on the chart.
AB should be 61.8% of XA.
BC should be either 38.2% or 88.6% of AB.
If BC is 38.2% of AB, CD should be the 127.2% extension of BC. ...
The general AD move should be 78.6% of XA.
As a harmonic pattern, the Gartley swings should correspond to specific Fibonacci levels:
XA could be any move on the chart.
AB should be 61.8% of XA.
BC should be either 38.2% or 88.6% of AB.
If BC is 38.2% of AB, CD should be the 127.2% extension of BC. ...
The general AD move should be 78.6% of XA.
Daily forex trading ideas, trading analysis, group chat, weekly outlooks, and more! Join now: theproptrader.co.uk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.