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hmmm
back into the D zone now.... and hit a lower low than before. tho currently bouncing a little.
Does this mean the gartley has failed? - technically not till it crosses X) but certainly coming back into what Carney might call the PPZ (profit protection zone).
Could be just the 'back to test' thing goin on tho.
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Peat
There are harmonic patterns in several timeframes - which TF are you
working on?
rgds - arco
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I'm looking at the patterns since Nov 13th as per this picture
I have lined the new pattern tho it doesnt assist my understanding.
The RSI is now more oversold than it was before at this level tho so this makes me tend to think it would bounce from here again but dont choose to risk 70 pips - if an uptrend develops from here I'm hoping it might be large enough to miss a portion of it. i.e let it confirm.
http://img132.imageshack.us/img132/1...0112007ka3.jpg
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Peat
I wonder if its heading lower to create a BF
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Yeh thats the one
Some heavy red 30 min candles now
This is the reason why the PPZ is so important imo.