AUD.USD

[rosemary]

quote:Originally posted by arco


Here's the chart.....I hope.
(Please let me know if its not showing).

Hi, do you have a formula for this Gartley butterfly, I remember seeing it many years ago, I believe there is a bearish butterfly and a bullish one. Thanks

.
........Currently +64 pips

[Xerof]

Hello Rosemary,

Try this as a starter:

www.investopedia.com/terms/g/gartley.asp

Welcome aboard the forex threads

Xerof

[arco]

Short closed at 8.30 am - 7558.

+134

[Dazza]

what happens afta point C on EW

and point D on gartley?

cycle repeats or?

[slam]

Just a quick look here, but on the 1,2,4 and 8 hour chars I see a Triagle forming. If so a breakout should be close.
Will look some more

Cheers
Simon

[slam]

And after a bounce or 2 down we went

[slam]

Hi all
I get this one at the top of a channel on the Daily also ending an abc
wave and the 61.8 fib from the .7499 lows on the 2nd May
may start another 5 wave down
worth watching for the turn anyway.

anyone else agree?

cheers
slam

Edit: End of wave 4 and the larger EW wave scale (not too hot on the terminology yet)

[arco]

Morning Slam

As I see it, AUD is in a 5 wave move from
April 29th and currently forming c of leg 4
before reversing form leg 5.

Possible Gann resistances at 7690-7751

arco

[slam]

Morning arco

Yep, same interpretation but my explanation probably wasn't clear. The 5(v) wave down I referred to is the 5th leg of the larger wave (the abc we just finishing being the 4th)
So just got to find the right reversal point if/when it happens for the 5th (larger)
Clear as mud
cheers slam
PS: still looking at the EUR/GBP and reading furiously[:I]

[slam]

Morning All
Well this one pushed up overnight and now leg c of 4 is close to crossing leg 1 of the 5 making the count invalid.
imo if it runs to far passed.7740.
also popped up above the channel.
needs to reverse soon to keep the 5 in order

cheers
slam