a potential unified gartley is setting up. trade plan: sell limit order @71.531 with sl @71.689 and tp @71.217 Over the past 20 years a pattern with this B and C ratios appears 19 times on this pair and this timeframe. It produces the best expectancy (+0.73) if the stop is placed at X-point and the target is twice greater than the risk. If traded with these stops and targets the probability to hit a tp is 52.63%. A pattern becomes invalidated if price exceeds the C-point before completion.
I believe because of the news tariff delayed to Dec 18? That news very harm the bearish setup; glad that you just loss small this time
Thanks for the updated Alexander =D
Alexander_Nikitin
⋅
@ICEKI, historically this setup requires small stoploss. placing larger stoploss makes it less profitable. this is based on chart regularities not on news. regularities help to predict something, news help to explain what already passed:)
ICEKI
⋅
@Alexander_Nikitin, Your charts and your comments motivates a lot; thank you so much Alexander =D