EUR/CHF - Bullish Gartley + Descending Wedge
Today we are looking at a bullish gartley on the 1D chart with EUR/CHF
As price continues its way down, we can look for price to reverse at D point, which just happens to be at the end of the descending wedge.
Coincidence? I think not. ;)
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As price continues its way down, we can look for price to reverse at D point, which just happens to be at the end of the descending wedge.
Coincidence? I think not. ;)
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
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