Monday, July 24, 2017 12:16:33 AM
I went back over this whole variation of the gartley pattern thing again and watched Steven Hart's fib levels he uses and also this cheat sheat
http://www.forexabode.com/forex-school/technical-indicators/harmonic-price-patterns/the-gartley-pattern/
Looking at TVIX again I determined that the fib retrace of .382 was a crab pattern which has a final D point at 161.8 extension from the X/A leg. Very interesting outcome and target for profit.
So where does that leave us now? The deeper retrace at point B sets up a possible Butterfly pattern, and the final D point is similar to the crab pattern with a 1.618 extension from the X/A leg and also has a fib .382 retrace of the A/D leg for a profit target. Which also lines up with the last structure support/resistance at 19.38
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