EURAUD Bullish Gartley and Bearish Gartley with Triple Top

2015年6月20日

Clearly, there's a lot going on here. EURAUD put in a Triple Top recently. Now PA is in a sideways consolidation near this top ready to retest the latest high (3rd top of the triple top). Two patterns emerge here within the consolidation: one a bullish Gartley and the other a bearish Gartley. PA is currently making the CD leg of the bullish Gartley. Should prices fulfill this Gartley, it would also fall at/near the upward trendline of the current triangle consolidation.

After it hits this point, I would expect prices to rise to then fulfill the CD leg of the bearish Gartley which coincidentally would be a retest of the 3rd top high at 78.6% which is a common retest point. I would then enter a short for a possible large wave down.