Aiming for the trader's success by creating awareness of the 3M's: Mind, Money & Method by 
Referring back to the previous post of “Is price movement random?” we can see that Alternative.1 played out quite precisely -
I am repeating the chart and the lines from the previous post. (For reference)
Alternative.1 of a bearish Gartley pattern.
Looking at this chart, we can conclude that the wave B-C has completed and price should rally higher now to complete the wave C-D.
This means that we can expect some more rallies in this pattern.
Looking at the current situation, we can see that price did rally & found resistance precisely at the 78.6 level (tell me that fibs don’t work -J) to complete the last wave of the Gartley pattern.
The expected target of this bearish Gartley pattern would be the Fib projection of A-D and one would expect price to fulfill the targets.
But, like always, we don’t just jump into a trade but wait for price to confirm the entries.
A correct entry into a Gartley is always the break of the mid point “B” of the pattern.
In this case, the “B” level is also a strong level of previous support/resistance AND price has now found support precisely at this level.
Hence we can take this as the ‘barrier’ level.
Only a convincing break of this level would give us the highly probable target of the 127 fib projection plotted on the chart.
Let me repeat my dialogue again -J
We don’t predict price……..we follow it.
Sunil.