Over the next hours/ days potential formation of 2 Bat patterns (Blue & Orange) for buy and sell opportunities respectively.
Stops below and above X as per the ATR and Targets 1 and 2 at a 382 and 618 retracement of the XA leg.
Butterfy Pattern: If the market moves downwards, at 0.783s we might have a Butterfly Pattern formation (Blue) with a potential buy opportunity. Target 1 at a 382 retracement of XD leg and stops 20 pips below D.
Gartley Pattern: If price action completes the Gartley Pattern (Orange), there is a potential opportunity to get short with Target 1 at a 382 retracement...
1. Sell opportunity early this week on the green Gartley pattern with Target 1 at a 382 retracement of XA and stops 25 pips above X as per the ATR.
2. Buy opportunity early this week on the blue Butterfly pattern with Target 1 at a 382 retracement of XD and stops 43 pips below D as per the ATR.
3. Potential formation of a Gartley patterns (Orange) for a sell...
Low risk sell opportunity today on purple Gartley chart with target 1 at a 382 retracement of XA and stops 26 pips above X as per the ATR.
Over the next hours/ days potential formation of 2 more Gartley patterns (Blue & Orange) for buying opportunities. Same principle with stops below X as per the ATR and structure and targets 1 and 2 at a 382 and 618 retracement...
