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Still Valid Gartely Pattern in GBPUSD 5min chart
Monday 4-5-2009
GBPUSD 5 min Gartley Pattern
Tuesday 16.00 a Gartely pattern started
to form, it's a bearish one, started with a strong impulsive
wave, followed by a corrective wave touched the 50 Fibonacci
line, then continue with the main wave direction, then go high
again to touch the 78.8 Fibonacci line, although the first
corrective wave stopped at 50 as a resistance line, we still
have a valid Gartely pattern, if you had a look at the main
Gartely pattern rules, we'll find that first wave could stop
at 50 Fibonacci line instead of 61, and the second wave could
touch 88.6 instead of 78.8, and we still have a valid Gartely
pattern, open your chart at the specific date or check the
chart below

Bat Pattern, Perfect one in
GBPUSD 5 min
Gartley Pattern
Bullish Bat
pattern, this pattern is simply followed the rule, touch 38
line, then 78 line and went in the opposite direction and
touched 1.38 line, if you want to see how the Bat pattern is
looks like, simply see this one and make more focus and try to
make this shape is familiar to your eyes to catch it easily
once you see it, this one started Thursday, May 7 at
21:20

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