vmcreamer

GBPUSD - Gartley & Bat - 4H

FX:GBPUSD   英镑/美元
Hi Guys,

Here we have the GBPUSD             chart on the four hour please see detailed breakdown of the analysis below:

Gartley (Blue Pattern): The Gartley completed and price reversed from 'd' point twice. First hitting the 0.23 retracement then 0.50. Price has now dropped straight past the 'd' point and is hovering between x and d of the Gartley . It is yet to reach x point.

Bat (Pink Pattern): A larger bat is forming and price is dropping towards d point for a potential reversal.

I see two possible scenarios:

Scenario One: Price rejects 'x' of Gartley and reverses to complete full 0.618 target on Gartley

Scenario Two: Price rejects 'd' of Gartley and drops to complete bat.

I will be watching price closely at opening. Personally, I think it will reject 'd' of the Gartley and continue to travel towards the 'd' of the bat inline with the downtrend shown on the chart (grey line).

Not the simplest of analysis but covers a few options.

Would appreciate any thoughts or opinions on this.

Thank you!

Victoria
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇筛选器 Crypto Screener 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出