Add long at $1243.
Bearish Gartley on this level
1: first been the symmetry of the pattern, its more of a sure thing if the neckline is horizontal.
2: On the hourly time frame you can see the potential for a head & shoulders top ( i hate to see it, but its there) im guessing alot of shorts will be in here & hopefully they get screwed!
note: if it is a head & shoulders top, it will take out daily rising support from our lows.. its critical that the BULL shows up to the party here RIGHT NOW!
1: False. Angled neckline are as effective as flat one. Any patterns with neckline (H&S, Cup&Handle, Adam&Eve...) work great with angled neckline. See Below
2: This likely Scenario is based on Daily Timeframe (even if i could make it on weekly TF), so looking for a reversal in H1 TF is a non sens (H4/H8 is the minimum)
That being said, i repeat but horizontal or angled neckline are both effectives.
And i agree, nobody has the truth ;)
Keep Cool ;)