Gartley/Butterfly patterns

[Xerof]

Both travelling very nicely!! - almost with indecent haste

In fact so well, they might even morph to butterflies.





Xerof

[Xerof]

Just to update and complete those last two charts - the original charts indicating gartleys in fact proved closer to the mark - trailing stops to the rescue for shorts, and also offered nice long trades for gartley enthusiasts who were brave enough - not I.....

Xerof

[arco]

Heres a nice pair of twins...........



arco

[arco]

Action now entered the box



regards - arco

[roddy]

Image of daily JPY,slightly after the event though.

My interpretation is a bearish gartley with reasonable harmonics.
the ideal B should be .618 retrace of XA =116.55
and D should be .786 retrace XA =117.13

Am i on the right track

Cheers

cadet roddy

[roddy]

bullish crab
target 1.08 which is 1.618 level

Cheers
cadet roddy

[arco]

Hi Roddy

JPY...yes that certainly could have given a quick profitable trade, but please bear in mind Gartleys can have a nasty habit of turning into Butterflies (especially when the B is extended).

CAD - yes looks like a pattern in progress. Good spotting.

Regards - arco

[Dazza]

the crab failed?

1111 now

[roddy]

Hi Arco
i had a look on the Harmonic site at the different patterns and i see what you mean!thank you for that

Does anyone know of a site that offers free real time charts with Fib that has functionality to draw nice butterflys/gartleys etc

my metastock is EOD, so not much help in that regard!

cheers
cadet roddy

[arco]

Dazza - the Crab has not completely formed yet, so it cannot be classed as a failure as it does not even exist.

Roddy - check out MarketWarrior 4.0.177 Not sure if it will be of any use. I dont use it myself

regards - arco