lauralea

Double Bottom did not hold/ Gartley

NYSE:BA   Boeing Company (The)
The impulse wave (XA) is up so it is a bullish harmonic pattern.

The AB leg bulls back to just below (a candle tail)the .618 which lines up with a Gartley. The BC leg did not peak higher than the XA leg so rule out cypher and shark patterns.

The Gartley should stop at .786. So if it goes past here, this may not be a Gartley pattern, but it is a place to keep your eyes on for now.

Harmonic patterns can be subjective as the whole scenario depends on where you start the XA leg. Some charts are more clear than others where this leg begins.

No recommendation.

Feragatname

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