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Strategies & Market Trends : E-Mini Pit
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To: jefe12 who wrote (5861)8/22/2002 9:48:17 PM
From: the-phoenix   of 11288
 
Nasdaq Bearish Gartley Update 8/22:

Potential Reversal Zone Exceeded: At Pattern extreme of X at 1426:

ttrader.com

If we move higher tomorrow, the pattern is dead, IMO. Today we hit the highest level of the pattern at X, which is previous resistance regardless of the Gartley pattern. Any shorts taken in the PRZ should be exited if we exceed X. That is the way to trade the pattern, according to Scott Carney, who wrote the book on this stuff.
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