I see two potential harmonic patterns on this Orange : Potential Bearish Bat Green : Potential Bearish Gartley possible D at nice structure. I will be watching this and asses it post fomc release
Hello sir.
Your green pattern has a be point at 0.764 so it cant be a gart ? , maybe a butterfly on uptrend going to 2.19-2.21, that will be the confluence with your bat target.
We have also a gart pattern starting from the middle high x point at 2.18 with a target 0.764 at 2.165-2.17 that will coincide with an abcd extension 0.5-0.6 18 / 1.272 -1.414 for the first profit taking
GcNaif
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hi red bro, the green is gartley and its B is 0.72XA ( tobe gartley the B can be between 0.61 - 0.76 of XA
Your green pattern has a be point at 0.764 so it cant be a gart ? , maybe a butterfly on uptrend going to 2.19-2.21, that will be the confluence with your bat target.
We have also a gart pattern starting from the middle high x point at 2.18 with a target 0.764 at 2.165-2.17 that will coincide with an abcd extension 0.5-0.6 18 / 1.272 -1.414 for the first profit taking