EURCAD: Bearish Gartley Pattern Completed on 60 min

EURCAD just comleted a bearish Gartley pattern on 60 min. If it works the minimum target is the leg of the structure. We can see divergences between AB and CD legs and usually this is a good sign.
Don't forget the dominant trend is to upside and we are in correction.

1.Completed bearish Garley pattern on 60 min.
2. Divergences between AB=CD

Good Luck

Kommentera:

On the previous post the price retraced only 77 pips on the Garley pattern and after that it continued the upmove and created a Butterly pattern. A broken Gartley usually tend to be a Butterly pattern. For the moment it is breaking the small trendline. See the price how it will develop and we can see a nice down move correction as the wave looks completed.