Update on 31st Aug 11.55 PM:
It didn't give opportunity to enter short trade yet.
Saturday, August 29, 2009
Possible Bearish Gartley in LT - 28th Aug 09
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DISCLAIMER: All the content in this blog is my personal journal and should not be taken as a trading advice. I am not an expert in Technical Analysis nor am I authorized to give any financial advice. Please use the content purely for learning purposes. I may or may not be trading in the calls I make. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses
4 comments:
Can you please tell how to calculate the target for AB=CD pattern?
Hi
Tentative D point 1623-1630 is reached, what to look for confirmation to arrive @entry point and possible targets?
Hi Sidharth,
I use 61.8 and 78.6 as 1st and 2nd targets for ABCD.
Hi Naresh
Many traders trade with no targets and look for exit signals, generally at Fibonacci levels of XA. I derived 61.8 and 127.2 as 1st and 2nd targets for Gartley based on my own study.
-Doji
Thanks Doji
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