Correction, Gartley: EUR/USD continues to consolidate, but instead of a sideways manner between 1.28 and 1.2660, it seems like there is a bullish tilt and a correction. Since the 1.2660 low, you can see in the 4H chart 2 swings up. We are in the second swing now, and it is almost the same distance as the first swing. We can call this an almost completed ABC correction. Some might see it as a “abcd” harmonic retracement pattern as well – a Gartley. This Gartley pattern would complete near a falling trendline resistance and 78.6% retracement. Not shown here, but 1.2840 is also 38.2% retracement of the entire downswing ... (full story)