Potential Gartley setup forming?

[Sharp Suit]

What do you all think? Do we have a Gartley setup forming here or am I not quite getting the whole idea of Harmonic Price Patterns yet?

Le'me know!

[Sharp Suit]

C'mon guys!

Help a brother out!

Sharp.

[bobmaninc]

I am not big on harmonic price patterns but IMO it looks good. Honestly just like everything else you will not know untill it forms. But your trade idea seems good

[Sharp Suit]

Cheers man.

Price hit the .886 of AB then reversed, sparking what I thought might be the CD leg, it has since hit the 50% level however and returned back to the 88.6% Hopefully well see another reversal and then bag some pips if/when it hits D!

[Sharp Suit]

As you can, price hit the .382 level of the BC retracement, and has since returned to the .886 AB Retracement level.

Looks like a double top might have formed however so there is still hope for a CD leg yet! Also the MACD appears to be decreasing in size...
(I'm using a netbook so it's a little hard to tell, quite inconvenient for trading really...).

Sharp.

[Nikitafx]

As you can, price hit the .382 level of the BC retracement, and has since returned to the .886 AB Retracement level.

Looks like a double top might have formed however so there is still hope for a CD leg yet! Also the MACD appears to be decreasing in size...
(I'm using a netbook so it's a little hard to tell, quite inconvenient for trading really...).

Sharp.

I hope that is not the chart you use to trade with!

[Nikitafx]

I got practically nothing on my charts save for a few horizontal lines and it gives me enough headaches!

[Sharp Suit]

I got practically nothing on my charts save for a few horizontal lines and it gives me enough headaches!

I left the fib levels on to show how I am seeing (potentially) a Gartley pattern.
If you referring to the grid pattern in the background, I use grid paper at work everyday. I prefer it.

[Sharp Suit]

Price has broken through the 100% AB Retracement, so looks like the formation failed.
I'll catch one one-day!!!
Stay Sharp!

[serioustrader52]

there are a lot of "harmonic patterns" in the making all over the market, they only make sense to see once they have completed.