Gartley/Butterfly patterns

**peat** · 17-06-2010, 08:36 PM

hey silverlight
you picked a good night to ask a question , sat my last exam this afternoon... have some time now.
Bearish Bat? I attach the bat from my harmonics guide for you to compare

**peat** · 28-07-2010, 02:13 PM

hope you're doing well with that silverlight
Aussie Gold now 128 dollars/oz lower than previous post

**peat** · 28-07-2010, 02:28 PM

AUD/USD is also displaying a perfect bearish gartly which seemed to kick in exactly at the 90.5 c point with todays move down

**peat** · 16-08-2010, 12:05 AM

S+P offers a harmonic pattern that didnt quite fulfil the requirement of the final high to exceed the original high to make it a butterfly - D should be greater than X
however more recetnly I see these patterns as really providing support resistance around the B points and in this instance theres a clear breakthrough down below the purple triangle line which is the trigger point for the short.
so I'll be selling even more around the 1090-1100 area should it go back there.

**arco** · 17-08-2010, 09:21 AM

Hi Peat
I gave this trade on the blog 3rd August based on Ichimoku elements, although it also worked as a nice harmonic pattern.

RESULT +501 POINTS.
20100813 ym.jpg

ORIGINAL POST from 3RD Aug
20100803 ym.jpg

**peat** · 17-08-2010, 10:03 AM

hey arco
yes there were lots of different methodologies all pointing to a fall in the stock market. eg the wedge , the count, the harmonics.

not sure how ichi could've foretold it though. it mainly only seems to tell things after the event imo or if you are working off a bigger time frame.

**peat** · 18-08-2010, 09:59 AM

resistance from the purple area shown in the earlier post zoomed in on here now being tested and rejected on this occasion

**arco** · 18-08-2010, 03:47 PM

Hi Peat

I predicted a move up to 9300 last night on Nikkei for max +225 points, and if anyone was a awake this morning it formed a nice BF on the 1H to play south as well.

20100818 nikkei.jpg

**peat** · 18-08-2010, 04:14 PM

what was your basis for the prediction - resistance at top of the cloud?
I dont follow the Nikkei at all. and I've been busy with study - quite a few reports due this week..