Hi All, see analysis for 2 potential patterns.
We have a Bearish Bat and a Bearish Gartley Pattern.
The X leg for Gartley is Resistance in LTF
I have marked Entries Stops and Targets, with your stop placement for the Gartley would be whatever you choose whether it is ATR FIB or Pip based - above the X but I would be concerned about the X leg for the Bat being the next main level.
If we get a close above the 78.6 Then we should continue upwards for the Bat
You may even rest order at the 127.2% for Gartley as we have hit the 78.6%
Hope this helps and happy trading.
We have a Bearish Bat and a Bearish Gartley Pattern.
The X leg for Gartley is Resistance in LTF
I have marked Entries Stops and Targets, with your stop placement for the Gartley would be whatever you choose whether it is ATR FIB or Pip based - above the X but I would be concerned about the X leg for the Bat being the next main level.
If we get a close above the 78.6 Then we should continue upwards for the Bat
You may even rest order at the 127.2% for Gartley as we have hit the 78.6%
Hope this helps and happy trading.
