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Thread: Fibonacci Trading

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#114 (permalink)

02-26-2008, 03:26 PM

Gregory McLeod Gregory McLeod is offline

DailyFX Power Course Instructor

Join Date: Sep 2007

Posts: 1,135

Gregory McLeod is an unknown quantity at this point

Pretty Butterfly

Quote:

Originally Posted by Blaiserboy

Bearish pattern using Fibonacci ratios

As I remember, that is a Gartley pattern. It is a powerful application of Fibonacci ratios.

Thank you for posting a great chart!

Price D is the point to sell (bearish Gartley pattern) as the price is about to decrease.

See the attached chart

Here is a pretty good site that has more information on them: http://www.harmonictrader.com/chart_examples.htm

Attached Images

Last edited by Gregory McLeod; 02-26-2008 at 03:55 PM..

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