Sell Gartley // Buy the 61.8% // IF=THEN ®

22 Nov 2015

GBPUSD

Let's see if the price offers us a double bottom that synchronized with the Gartley can send us near the weekly resistance. "The retest candle, MUST CLOSE below the previous Highest Close; (CRUCIAL)"
Note that the first target (tp1) after completing the Gartley is synchronized with the 61.8% retracement of the double bottom setup;

Sell the gartley IF completed, buy the 61.8% retracement, target an potential abcd basic pattern @ weekly resistance W1

Bearish Gartley
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD

Safe Trades;