Combining Sequential Signals and Gartley Patterns
I saw these two charts in my scan of the Russell 2000. Both are examples of how I like to combine separate signals, which in this case is a combination of a Sequential sell and a bearish Gartley pattern.
So would I trade either of these? No, because the volume is not confirming the signals. Ideally, I would like to see volume shrinking at the highs and both of these charts have very strong volume near the highs. Sure, the trade might work, but I like to have volume confirming all of my bets. This link is a video of Tom O’Brien and it shows how I like to use volume with pattern recognition.
MUSA Sequential-Gartley Sell
IPHI Sequential Gartley Sell
