Pipal
Panjang

BITTREX: ETH/BTC 15/30min

BITTREX:ETHBTC   Ethereum / Bitcoin
171 8 2
Maybe there is a Gartley Pattern on Etherium Bitcoin             Bittrix 15/30 min chart
still forming and additionaly in the entry zone there is the S1 Pivot zone...

let's see if the price reaches the zone!
Komen: "Gartley Advanced formation"
Order dibatalkan
Pattern invalid!
Balas
@Pipal, it is a valid gartley advanced formation but it is invalid gartley pattern. :)
Balas
It is not a gartley pattern.
B-point of a gartley pattern should be precise 0.618XA. The B-point on your chart is closer to 0.786 rather that to 0.618. That's why it should be a butterfly pattern.
On the other hand if you use Tradeempowere identification rules then you should call this setup a "gartley advanced formation".
Either way it is not a gartley pattern
Balas
Pipal Alexander_Nikitin
@Alexander_Nikitin, Thx Alexander!
Balas
Pipal Alexander_Nikitin
@Alexander_Nikitin, usually Point b remains valid as long as ther is no touch on the 76.6% retracement of the XA leg!
So in my opinion its valid...

Balas
@Pipal, It is obvious now that you use Tradeempowered set of rules... In this case you should call your setup "gartley advanced formation". By the way, this set of rules is far from being "usual".
It may be a bit confusing from the very beginning but I assure you advanced formations and harmonic patterns are completely different strategies: they differe in identification, trade execution and trade management.
Learn more here: http://ps-software.net/learn-the-patterns/
Balas
Pipal Alexander_Nikitin
@Alexander_Nikitin, Can't edit the idea anymore...but added a comment!
Balas
@Pipal, yup I saw it:)
Balas
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