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2 Gartley Pattern and One Potential Wolf Wave

Monday 23-3-2009

EURJPY 5 min Gartley Pattern

It's Monday the beginning of a new week, it was a very good start to the most of pairs in the market.

The start was with EURJPY, a nice Gartley pattern was formed in the early morning, it's bearish one, it didn't go so far but it was a nice  one any way, just good start encourages me to go in the same spirit I had from the last week, check the chart below

 

 GBPUSD 5 min Gartley Pattern

In the same time there was a Gartley pattern formation in the GBPUSD in 5 Min too, but this one was very successful and went over 1.61 Fibonacci level, it was a bullish gartley pattern.

You can make sure that the trend is coming in the Stochastic, there is a divergence in the stochastic lines, which gives us a strong conformation about the trend and tells us that we're in the right direction.

 

 

 Potential Wolf Wave in EURUSD 1hr 

I'm just waiting for a conformition for this pattern, Waves No. 1,2,3 and 4 are formed already, I'm waiting for wave No. 5 to go long, if my calculation is right then the wave no. 5 suppose to end in 1.3430, the reverse to go to our target.

 

 
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