USD/CHF monthly chart - Bearish Gartley pattern
Here we have a bearish Gartley pattern on the USD/CHF monthly chart.
As per Gartley rules, point B should retrace 0.618 from the XA move. Over here B is sitting around 0.622%. Though a slight violation, I would give it a pass given the exact 0.618 move is rare.
The D wave is likely to go up to 1.0736, where sellers are likely to come-in.
As per Gartley rules, point B should retrace 0.618 from the XA move. Over here B is sitting around 0.622%. Though a slight violation, I would give it a pass given the exact 0.618 move is rare.
The D wave is likely to go up to 1.0736, where sellers are likely to come-in.
