the_batman
Long

FULLY QUALIFIED GARTLEY AT MAJOR SUPPORT LEVEL

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
116 0 2
9 months ago
The chart shows a fully qualified Gartley pattern along the current major support level (trendline). It identifies the price points that constitute the PRZ potential reversal zone.

Virtually all of harmonic patterns shown on TV don't use the techniques articulated by Carney. It's necessary to qualify the AB=CDx relationship beyond the simple 5-pointed tool provided by TV.

The following chart uses the the full suite of techniques. We see a neat, fully-qualified Gartley pattern at a major support level. I've identified the PRZ lines in orange and annotated each on the sides.

Note that the operative word in PRZ is POTENTIAL.

I personally don't trust harmonics, but this one is really clean and tempting..
9 months ago
Comment: It's worth noting, for learning and full qualification, that the "X" position was the point at which the previous wave terminated (and new wave began). It's also the recent support level.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out