PIVX steadily breaking free from a Gartley pattern, after coming close the long-term rounded bottom also visible (log scale chart). Without being on log scale, price is well below the rounded bottom. -
-Myself on twitter
Since that tweet, I added another target, which is an X->A replication from point D, conveniently lining up pretty well with the 1.27 extension of X -> A.
Also, the 1.618 extension of the A->D move(another common Gartley pattern target) lines up perfectly with the red horizontal red line, which is the long term .236 retracement level (although I didn't choose the top of the long-term retracement as the actual top... I put it where I thought the top would have been without being overbought at all, as I commonly do).
Here's the live chart to follow the outcome.
Update(5/28): I posted another chart(pictured below) cleaning up some old useless lines and added more proper targets after I gained a better understanding of the Gartley pattern.
-Tom