I have found this site rivoting to say the least. Maybe i can gain some further insight. EURUSD 15 minute chart. Based on my trading plan I can enter at a close above the 8pma. I knnow with the deep retracements to expect a retest but this one had 2 in lieu of 1. That would have stoppend me out. I also understand that a 113 retrace is also acceptable as a retest also. Question #1 In your opinions, allow for the additional risk to a 113 retest of prior lows? Question # 2 Is there any signals in the candles that would indicate another retest or turn? #3 is my plan flawed?
@gr8trim4u, you'll get more participation if you post screenshots as PNG or JPG attachments instead of PDF's.
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The bearish Gartley is a downswing followed by a corrective ABC pattern up. The corrective swing must not exceed the starting point of the pattern. Your first pattern retraces 95% so it qualifies as a Gartley pattern.
For the second pattern the corrective ABC pattern exceeds the starting point of the prior downswing, as it retraces 107%. This is called a Butterfly pattern.
There is no such thing as a Gartley Butterfly, because a Gartley disqualifies as Butterfly and vice versa.
A short description of harmonic pattern can be found at this link:
Well, here's another I found today...this time I'm holding. I might be mistaken, but if all the retracements are harmonic the bigger the moves...Well, I 'll have to see if that's true regarding this Gartley....thanks @Fat Tails.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Yes, I have too many version of too many indicators.
I need to finish some twenty or thirty, which I have already published somewhere as preliminary versions and put them to the download section. Will probably take a month to clean it all up, as I can only use a fraction of my time for it.
This one I could easily reproduce. It only happens, when you horizontally scroll back to the beginning of the chart. It is related to the custom plot and will not affect the proper working of the indicator, if you don't scroll back. But anyhow, I will check what created the problem.
You posted this in the wrong thread, it does not belong here. Please let us continue this in the thread where it belongs: