For you pattern traders, by using the IF-THEN thought process, we can take advantage of what the market is offering us with no bias on whether the market is bullish or bearish. One thing we know for certain about the markets is that we NEVER know what is going to happen 100%.
What we do know (after backtesting) is the probability of the gartley pattern success rate so all we have to do is worry about taking every single one that meets out rules in our trading plan.
IF market continues to push down, THEN we have a gartley pattern setting up at 0.7332
IF market rallys up, THEN we have another one waiting for us at 0.7414.
What would be really good is, if the bullish Gartley completes, we can look to manage target 2 right up to the entry of the bullish pattern and take them both!
Good luck in the markets this week
What we do know (after backtesting) is the probability of the gartley pattern success rate so all we have to do is worry about taking every single one that meets out rules in our trading plan.
IF market continues to push down, THEN we have a gartley pattern setting up at 0.7332
IF market rallys up, THEN we have another one waiting for us at 0.7414.
What would be really good is, if the bullish Gartley completes, we can look to manage target 2 right up to the entry of the bullish pattern and take them both!
Good luck in the markets this week
