WAVE 3 OF WAVE C OF WAVE B TECHNICAL SL AND A REDUCED SL, WITH LESS RISK BUT WITH GOOD CHANCE OF NOT BEING TOUCHED. TAKING THE GUIDELINES OF THE TRIDENTS : IF AT THE BEGINNING OF A TRIDENT OF ONE HARMONIC (GARLEY IN THIS CASE) A 5-WAVE IMPULSE BEGINS, THE PRICE HAS 80% CHANCE OF REACHING THE CENTER LINE (DOTTED RED) AND NOT BREAKING THE SIDE LINES. ONDA 3 DE LA...
This is for education purposes analysing a successful harmonic pattern / 61.8. This was from a Gartley which is a very powerful harmonic pattern. The price completed a Harmonic pattern with values very close to the desired out come (only a few points) Price found a level of support from the structure. There was Divergence evidence in the lower time...
Pattern : Gartley Status : Completed. Trade : Looking for buy.
Possible Gartley Pattern. Try looking the best buy entry area at lower tf. Target close: Around Point D and review position for next sell entry.
Possible Gartley pattern on weekly chart. Point C completed and in progress to Point D. Possible target buy zone are at Point D or in Red box zone. Review again the price pattern at lower time frame when price reached Point D or in red box zone.
this pair is near short-term support, and a bullish gartley is forming. check the HTF /H4 for support zone
Cheat Sheet for pattern ratios
- AB has to touch the 0.618 of XA, but cannot touch to the 0.786 of XA - BC has to touch the 0.618 of AB, but cannot go above the A There are a few ways to look for D. In this approach, it is: - Put a Fib Retracement from X to B. - Put a Trend-Based Fib Retracement from A to B to A - If the 0.718 and 1.272 are close to each other choose, 0.718 - Else,...
This is another common harmonic pattern which can be used to great effect. The gartley has the following ratios AB: The AB move should be approximately 61.8% of the XA size. BC: The BC move should then reverse the AB move. At the same time, the BC move should finish either on the 38.2% Fibonacci level, or on the 88.6% Fibonacci level of the prior AB leg. CD: The...
In todays video I walk you though the Gartely pattern with all the levels you need to look out for if you want to start using them in your trading. Happy to answer questions that might come up.
What's your experience with harmonic patterns?
Hi Traders, Above Is an illustration of a complete Gartley Pattern and the rules and ratios needed to trade this pattern. First things first, grab your Fibonacci tool and draw from the X to A leg of the initial move or impulse leg. The Fibonacci ratio's you are looking for are the 0.618% and the 0.786%, price MUST at least touch or spike through the 0.618% but...
Price Rules AB=61.8 XA BC=61.8 or 78.6 AB CD=127.2 or 161.8 BC AD=78.6 XA CD=AB
Price Rules AB=61.8 XA BC=61.8 or 78.6 AB CD=127.2 or 161.8 BC AD=78.6 XA CD=AB
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2
Rules 1) Tp1 = Fib 38.2 2) Tp2 = Fib 61.8 3) Stop = MAX Tp1 ( as pips) 4) Open order with %2 Risk Management 5) Close Half at TP1, Stop to BreakEven 6) Close all at TP2