I decided to develop a new system with incorrect usage of fib spirals to determine chart trends. BTC respecting spiral trend lines leads me to believe that a Bearish Gartley is occurring due to BTC following the spiral fib trend lines while respecting fib-retracement trend lines. This discovery allowed me to notice a pattern which could potentially be correct due to the 9100 CME gap and fib-retracement line in the same area.
Also, I accidentally posted this as private a few hours ago.
Initial progress: https://imgur.com/a/hkOXb11
Disclaimer: This analysis could be completely wrong as I am a less experienced trader. =]
Also, I accidentally posted this as private a few hours ago.
Initial progress: https://imgur.com/a/hkOXb11
Disclaimer: This analysis could be completely wrong as I am a less experienced trader. =]
Kommentera:
Was not a bearish gartley unfortunately, still proud of how it reacts to spiral trend lines though, especially on higher time frames in a few private ideas I have.