If i look at a number of USD crosses eg AUD, NZD, or Eur over the last 6 months I see bullish gartleys. Point A for the Euro is the Xmas/New Year peak at 1.36. Pont B - early Feb 1.28 , Point C = mid March at 1.34 and from then on D is not clear to me. Was it a failed D at 1.28 in mid April or was that an aberations and the true D reached at the recent 1.20ish lows? As has been pointed out on Tactical Trader if AB = CD then the Euro should have bottomed at about 1.25.
I dont know whether that invalidates the pattern for the Euro, but it still seems within coeey to me... If this correction happening now regained some legs and hit 1.25 that would be more mathmatically /aesthetically correct.
For the Kiwi point A is Mid March at 0.7450 coinciding with the Euro's point C, Point B is early April 0.7050 , Point C at early May 0.7350 and Point D at early Jun 0.7000. In this case the maths of AB =CD is picture perfect!
So, what does it all mean ?