Hi Everybody,
One user wrote in yesterday asking about the Gartley 222 pattern, and was surprised to hear that the TS1 setup that we have in MTPredictor can already find this setup. For those of you who don’t know, the Gaetley 222 is a pattern described on page 221 and 222 of a book written by .M. Gartley’s book, “Profits in the Stock Market”. Basically it is an abc correction that reverses at either a 61.8% or 78.6% retracement of the prior swing. This is very similar to the abc correction in an Elliott Wave (2) correction, as such we can find it in MTPredictor.
If you look at the chart, you can see a perfect example on the 5min ES from yesterday, where the TS1 sell (abc correction) unfolded right at a 61.8% retracement....
This is why MTPredictor is so powerful and is far more than just a bunch of automatic setups, if you all take the time to learn you will understand the setups and why they are so good........
Thanks, Steve
One user wrote in yesterday asking about the Gartley 222 pattern, and was surprised to hear that the TS1 setup that we have in MTPredictor can already find this setup. For those of you who don’t know, the Gaetley 222 is a pattern described on page 221 and 222 of a book written by .M. Gartley’s book, “Profits in the Stock Market”. Basically it is an abc correction that reverses at either a 61.8% or 78.6% retracement of the prior swing. This is very similar to the abc correction in an Elliott Wave (2) correction, as such we can find it in MTPredictor.
If you look at the chart, you can see a perfect example on the 5min ES from yesterday, where the TS1 sell (abc correction) unfolded right at a 61.8% retracement....
This is why MTPredictor is so powerful and is far more than just a bunch of automatic setups, if you all take the time to learn you will understand the setups and why they are so good........
Thanks, Steve
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