We have a potential bearish Gartley formation coming together for CADCHF on the M15 chart. I am not 100% on board with this formation due to two issues, first, the potential reversal zone is too large. The .786 X-A fib retracement is at the same level of the B point, and the distance to the 1.27 A-B extension is large. Also, B is touching .786 X-A fib, technically breaking Gartley formation rules and yielding low back testing results. There is prior support at this level, so let's see what price action presents us if we reach the reversal zone.
I welcome your thoughts and comments, positive or negative, I learn from them all.
-Paul
I welcome your thoughts and comments, positive or negative, I learn from them all.
-Paul
تعليق:
.382, that is :D
Let's continue learning.