Bullish Gartley in WELHarmonic Pattern Report — Wonder Electricals
Volume: Stable institutional activity
Current Price Context: Trading near completion zone
📐 Pattern Geometry & Ratios
AB = 0.767 of XA → Close to ideal 0.618, acceptable variant
BC = 0.622 of AB → Within valid range (0.382–0.886)
CD = 1.111 of BC → Valid extension, aligns with Gartley rules
AD extension = 1.113 of XA → Near textbook 0.786–0.886 completion zone
📊 Technical Context
Point D (PRZ) around ₹133.95–₹119.40 — potential reversal zone
RSI (Daily = 43.39, Weekly = 43.01) → Neutral to slightly oversold, supportive of reversal
Moving averages show price stabilizing near support levels
Swing direction arrow currently down, but harmonic completion suggests a bullish turn
✅ Verdict:
Wonder Electricals has completed a Bullish Gartley harmonic pattern, with Point D aligning near the 0.786–0.886 XA retracement zone. The structure signals a potential bullish reversal from the ₹119–₹134 zone.
Bias: Long positions favored near PRZ
Stop: Below ₹115 (pattern invalidation)
Target Zone: ₹145–₹155 in the short term
Gartley
EURUSD - H1 - ShortThe expectations for now are that the euro will continue its downward movements until reaching a target in the area of 1.17300 - 1.17600 or fulfilling the full profit of the Gartley pattern from a daily timeframe to 1.16000, which coincides perfectly with a strong Demand zone and a round psychological number that will be a prerequisite and magnet for the price.
USDJPY - 4H - ShortWhen changing the structure to the Daily frame, the price left a large GAP, which is a magnet for the price. On the weekly time frame, we have several reasons for the price to fall in a downward direction, namely the presence of a Gartley pattern, as well as the creation of many equilibrium levels in a downward direction and in the range of 148-151 price levels. On the H4, we have a nice impulse candle whose Take Profit coincides perfectly with the POC zone, as well as demand at a price of 152,800. So, we can expect a downward movement in the price before continuing the target to 157,400. We expect the price to continue in a downward direction in the first days of the new week and then to head towards higher peaks up to 157 dollars per yen.
3 USDCHF Trades You Can Link TogetherIn this video, we break down three trading opportunities on USDCHF—two of which can be strategically combined. We start with a structure-based continuation trade, followed by a potential bearish Gartley pattern. What makes this setup unique is the overlap: the Gartley entry aligns with the structure trade’s target, creating an opportunity for a stop-and-reverse transition from one trade to the next. To round things out, we zoom out to the bigger picture and highlight a potential violation-and-run setup that could offer significant upside.
If you have any questions or comments, please leave them below.
Akil
USDJPY at Key Resistance: A Simple Price Action SetupOn USDJPY, we’re seeing a straightforward price action and structure-based trading opportunity develop. Price is currently approaching a previous level of structure resistance, an area where the market has stalled in the past.
If price is able to violate this resistance level, it would provide additional confirmation that buyers are in control and that a continuation move higher is likely. In that scenario, the next objective becomes the next relevant level of structure, where price has previously reacted.
Rather than predicting the move, the focus here is on waiting for confirmation. A clear break and hold above resistance helps validate the bullish case and keeps the analysis simple, objective, and repeatable.
If you have any questions or comments, please feel free to share them below.
Akil
Elloit wave DXY 1/31/2026In my view, the DXY is likely to experience one final impulsive move toward the 127 level before entering a broader bearish phase. This outlook is supported by three main reasons.
1. Macro Elliott Wave Structure
From a long-term perspective, DXY completed wave Ⓐ at the end of 1992 and is currently in wave Ⓑ.
Zooming into wave Ⓑ, we can see that wave (b) retraced approximately 101%–123.6% of wave (a). As a result, this suggests that wave (c) should extend to around 101%–161.8% of wave (a) in order to complete wave Ⓑ.
2. Harmonic Confirmation (Alternate Bat Pattern)
The alternate Bat harmonic pattern further supports this view, indicating that wave (c) could reach approximately 113% of wave Ⓐ, which corresponds to a DXY level near 127, before the larger macro wave Ⓒ begins.
3. Triangle Formation in Wave (c)
In my view, wave (c) of wave Ⓑ is forming a triangle pattern. As shown on the chart, the market appears to be nearing the end of wave (D). This structure implies that a final wave (E) is still required to complete the triangle before the next major move.
Micro Perspective
On a lower time frame, when zooming into wave (D), DXY appears to be in wave c of wave (D). A bearish Gartley harmonic pattern suggests a potential 1.5% pullback.
Additionally, the micro wave count implies that one more minor wave 5 is needed to complete this structure
Harmonics in Godrej PropertiesThe monthly chart of Godrej Properties Ltd is currently forming a well‑defined bullish Bat harmonic pattern, indicating a potential long‑term reversal zone near ₹1,476.80. The structure follows the classic Bat geometry, with each leg aligning closely to ideal Fibonacci ratios: the AB leg retraces approximately 62.6% of the XA move, the BC leg retraces 40.3% of AB, and the CD leg extends 170.2% of BC while retracing 80.3% of XA. These ratios confirm the integrity of the Bat pattern.
Point D, where the pattern completes, coincides with the current price zone, suggesting that the stock may be entering its Potential Reversal Zone (PRZ). This area is critical for bullish confirmation. The recent sharp decline of ₹427.60 (−21.33%) has brought the price into this harmonic completion zone, making it a high‑probability setup for reversal if supported by momentum indicators and price action.
RSI readings across multiple timeframes show mixed signals: while the 30‑day and 60‑day RSIs are above 50, the daily and weekly RSIs are deeply oversold, indicating short‑term weakness but potential for recovery. The monthly RSI at 38.66 suggests the stock is approaching a long‑term support zone.
Three upside targets are projected from the PRZ:
Target 1: ₹2,958.00
Target 2: ₹3,360.80
Target 3: ₹3,873.90
These levels correspond to Fibonacci retracements and extensions of the AD leg and represent potential profit zones if the reversal plays out.
In summary, the Godrej Properties chart is signaling a potential bullish reversal through a textbook Bat pattern. The current price zone near ₹1,576.80 is the make‑or‑break level: if defended by buyers and confirmed by bullish candles and volume, the stock could begin a multi‑month uptrend toward the projected targets. If broken decisively, the pattern fails and further downside may follow. This setup offers a disciplined framework for entry, risk management, and profit booking based purely on harmonic analysis.
DXY (Dollar index) - 1D - LongThe dollar index is in a strong Demand zone and forms a reversing Gartley formation, which left behind quite a few gaps and equilibrium zones that the price did not recover and is expected to make a corrective upward movement to the daily OTE zone and then continue its downward movement.
BTCUSDT - 4H - LongBitcoin perfectly fulfilled the initial forecast until pullback 10 and now we expect it to complete pullback 11 and start pullback 12, which coincides with a test of broken demand and equilibrium zone. From there, it will make another /final/ impulse to pullback 13, which coincides with strong Demand, which in turn validates the Gartley formation and execute in an upward direction to $92,000, which coincides with unbalanced zones.
NZDCHF - 1D - LongThe price executed a perfect Head and Shoulders pattern, then reacted from the 50% equilibrium zone, which pushed the price into a correction that coincided with a perfect test of the Head and Shoulders pattern. I expect the price to test in the downward direction to test the 50% equilibrium zone and from there to continue its upward movement to execute the BB, as well as reach the first target zone of Supply and close imbalances in the upward direction, as well as pursue a high target on the Golden Fibonacci in the area of 0.47900.
USDCHF - 4H - LongThe price perfectly fulfilled the initial forecast until reaching the target of BB, which coincides perfectly with the Demand zone and OV. From here we expected a reaction in the upward direction for a correction and the first target is the Supply zone, after which we expect it to be broken and continue in the upward direction until reaching the OTE zone + closing the Gap above the Supply zone.
Dow Jones Trend Continuation: Advanced Pattern, Simple TradeWe’re on the Dow, and the trend is bullish. You don’t need indicators to see it—just look at price. We recently had a breaking close above the previous high, followed by consolidation. That matters, because advanced patterns tend to form during pauses in the market, not during explosive moves.
Inside this consolidation, we can map out a potential bullish Gartley pattern. Because this pattern is forming within an uptrend, it can also be used as a trend continuation setup as well.
3 Ways to Trade It
1) Trade it as a standalone Gartley
2) Trade it as a pullback in a bullish trend
3) Or combine both—partial profits on the Gartley, runners for continuation
Entries are clear, stops sit below structure, and whether you’re targeting a retest of highs or new highs, the risk-to-reward is excellent.
If you have any questions or comments please let me know & I look forward to giving you guys more videos throughout the year.
Akil
What is Harmonic XABCD Pattern and How to Identify It Easily
In the today's article, we will discuss the absolute basics of harmonic trading: I will explain to you what is harmonic ABCD pattern and how to recognize it, using fibonacci ratios.
The foundation of harmonic trading is impulse leg.
Impulse leg is a strong, directional bullish or bearish movement.
Harmonic traders perceive a price chart like a combination of impulse legs.
Here are the impulse legs on AUDUSD on a daily time frame. All these impulses are significant bullish or bearish movements.
In harmonic pattern trading, the impulse leg will also be called the XA leg.
XABCD pattern is based on 4 consequent price movements.
XA leg will be a fundamental component of each harmonic XABCD pattern and the first price movement within the pattern.
The direction of the XA leg will determine the bias of the pattern:
Bullish XA will be a foundation of a bullish harmonic pattern,
while, a bearish XA leg will be a foundation for a bearish harmonic pattern.
Above, the examples of a bullish and bearish impulse legs.
After identification of XA leg, a harmonic trader should analyse a consequent price action.
AB leg will be the next movement after a completion of XA leg.
BC leg will be the movement after a completion of AB leg.
CD leg will be the movement after a completion of BC leg.
CD leg will be a completion point of a harmonic pattern.
In a bullish harmonic pattern, a bullish movement will be anticipated from D point.
Above is a structure of a bearish harmonic XABCD pattern.
There are a lot of different types of harmonic XABCD patterns: bullish/bearish Gartley, Bat, Cypher, etc...
The type of the pattern will depend on the fibonacci ratios of B, C, D points of the pattern.
B, C, D points should have very specific ratios to make a pattern harmonic.
First, a harmonic trader should measure the fibonacci retracement level of B point in XA leg.
In the example below, B point is lying between 618 and 786 retracements of XA leg.
Then, if a C point is lying beyond the range of the XA impulse, one should measure its fibonacci extension level.
If a C is lying within XA, its retracement level should be measured.
Below, we can see that C point of the pattern is lying between 618 and 786 retracements of AB.
Depending on the type of the pattern, a D point will either be based on a certain fibonacci retracement of XA leg or extension of AB leg.
In our example, the criteria for a bullish harmonic Gartley pattern are met.
The completion point of the pattern - D point will be based on 786 retracement of XA leg.
From that retracement level, a bullish movement will be anticipated.
Your task as a harmonic trader is to learn the specific rations of each harmonic pattern. With experience, you will learn to identify impulse legs and trade them profitable.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Motorola Solutions, Inc. (MSI) – Long Setup Technical AnalysisMotorola Solutions, Inc. (MSI) – Long Setup Technical Analysis
MSI is currently trading above the Anchored VWAP, where a bullish Gartley harmonic pattern has formed precisely at the main Anchored VWAP level. This alignment highlights a technically clean value-based reaction zone, with price respecting volume-weighted fair value.
The Gartley structure suggests a controlled corrective move within an intact bullish framework, rather than distribution. The precise interaction with the Anchored VWAP reinforces the view that institutional participants are defending this level, maintaining constructive market structure.
From a tactical perspective, this configuration favors a long continuation setup. As long as price maintains acceptance above the main Anchored VWAP, the probability favors a renewed upside rotation toward prior highs and upper value areas.
Bias: Long on bullish reaction at the Anchored VWAP
Target: Upside continuation toward prior highs
Invalidation: Sustained acceptance below the Anchored VWAP
Context: Bullish Gartley completion + Anchored VWAP support = high-quality long setup
The Gartley at play? EUR/USD making a move...I have been building short positions since end of June/early July based on my original trade idea (which is still open)
....However, I noticed a potential harmonic pattern on the weekly about 3 weeks ago and this strengthened my conviction to keep and add additional shorts when we consolidated around the 1.1800+ price zone.
Although I am a chart pattern trader, I'm not a traditional harmonic trader but certain price action stands out to me and this looks like one playing out.
If this does qualify as a Gartley in play, I noticed in past patterns that when the B - C leg is shallow, the price tends to exceed C and eventually A,...BUT when the B to C wave is lengthened, price tends to drop and stall half way of the pattern before continuing the ultimate trend (In this case Bullish).
I'm still looking for my original target zone of 1.1200 - 1.1100 and if we do trade there, I will be looking for long positions as I believe the DXY (U.S. Dollar) is going to get hammered in early 2026.
I'm not sure what the fundamental catalyst will be but looking at the long term charts, this seems like a strong possibility.
This will set up a nice 1000+ pip trade for the EUR/USD Bulls.
To avoid getting too ahead of myself, I'd be looking at the first hurdle right now which is 1.1500 and stay capped below 1.1750 - 1.1800.
USOIL - Type II Bulish GartleyUSOIL is completing a Bullish Gartley at the 0.786 retracement (56.70–57.30), positioned inside a strong demand zone and supported by RSI divergence + VPVR low-volume rejection.
Expectation:
A bullish reversal targeting mean reversion toward 60.00–61.00.
Entry:
Buy inside 56.70–57.30 (aggressive) or wait for bullish confirmation (conservative).
Stop Loss:
56.20–56.60 below PRZ and demand invalidation.
Targets:
TP1: 59.20–59.60
TP2: 60.80–61.20 (POC magnet)
TP3: 63.00–63.50 (runner)
Rationale:
Gartley completion + structural demand + RSI divergence + VPVR reversion =
strong probability of bullish corrective movement.
NVIDIA (NVDA) – My PUT Options Position ExplainedI opened a medium-term bearish position on NVDA by purchasing PUT options.
Here’s the full breakdown of the idea, entry logic, and projected targets.
🧠 Why I Entered the Trade
NVDA formed a clear Head & Shoulders (H&S) reversal pattern on the 4H chart — one of the strongest technical reversal signals after an extended bullish trend.
The neckline has now been broken, validating the structure and confirming bearish momentum.
The rejection from the right shoulder, combined with weakening RSI and loss of key market structure, provides additional confirmation.
🎯 My PUT Options Position
I purchased PUT contracts with a defined risk and leveraged downside exposure.
Break-Even Price: ~129 USD
This is the key level where:
the option premium is fully recovered
the position shifts from “loss” to “profit”
As long as NVDA trades below 129 USD before expiration, the position begins generating profit.
💰 Profit Projection
My profit target zone is around 102 USD.
At that level, the trade yields approximately:
➡️ +77,000 USD profit
This aligns with:
the measured target of the Head & Shoulders pattern
previous demand zone turning into resistance
Fibonacci extensions
a full correction of the last impulsive leg
📌 Technical Breakdown
H&S target: ~160 → ~130 → projected extension toward 102
Break-even: 129 USD
FXDoctor target: 102 USD
Trend structure: Major lower lows forming
Momentum: RSI breakdown and bearish continuation signals
The chart clearly shows a potential shift from a hyper-parabolic bullish phase into a deeper correction — a move that benefits PUT buyers with asymmetric risk/reward.
🧨 Summary
I’m holding PUT options on NVDA
Break-even: 129 USD
Projected profit: ~77,000 USD at 102 USD
The trade is based on a clean and validated Head & Shoulders reversal
NVDA is showing early signs of a much larger bearish correction
CCAP - good opportunity, normal risk CCAP - EGX30 - Timeframe 1 day
Format a Gartley bullish pattern as follows:
- Entry: 2.45 (current price: 2.39)
- Stop loss: 2.35 (potential loss: 5%)
- First target: 2.73 (potential profit: 10%)
- Second target: 2.98 (potential profit: 20%)
Important notes:
1. Activate the stop loss if it is triggered, as there are lower entry levels for this pattern (down to 1.75).
2. Prices may rebound from this point.
This is not investment advice, only my analysis based on chart data.
Consult your account manager before investing.
Thanks and good luck.
USDCAD - A Somewhat Confusing Homerun Trading SetupsTop Trading Idea of the Week #2 is on USDCAD, and it’s a two-part bullish opportunity. It begins with a potential bullish Gartley pattern currently setting up—already a strong technical signal. But what makes this idea particularly compelling is the broader market context. On the higher timeframe, USDCAD has been stuck in a massive consolidation since 2015, and while it isn’t technically forming an ascending triangle, the path of least resistance still appears to be to the upside.
Because of that, this may be a rare chance to aim for extended—or “home run”—targets. However, whenever I look to stretch targets, I always want to be aligned with the fundamentals as well. So in the video, we’ll walk through both the technical setup and the additional fundamental research required to build a confident, well-rounded bullish thesis.
If you have an fundamental insights that you'd like to share I'd love to hear about it below. And as always please leave any questions, comments or ideas there as well.
Akil
EURUSD - why am I bearish on the priceWell, thank you for commenting on my ideas on EURUSD. This is what makes the TradingView community unique.
In one of the comments I learned that I am agains the mainstream believing that EURUSD is not going to continue growing (will not hit the next max after 1.19191 on Sep 15th). In this post I would like to provide arguments for which I am bearish in EURUSD, yet keeping in mind that those are just my humble opinions and as such they can be completely wrong.
So, let's do that:
Argument #0 - EURUSD in W1 in in Downtrend since June 2008
Argument #1 - Overbalance - total size of the corrections (marked light blue) are almost equal. Yet the recent correction perfectly is aligned with Garttley pattern (Argument 4).
Argument #2 - The BC parts of the above mentioned corrections are equal too (marked navy blue)
Argument #3 - the recent correction has performed a perfect ABC pattern
Argument #4 - The above mentioned Gartley pattern (I wrote a post on that) has been completed
Argument #5 - last but not least - the price returned exactly on Fibonacci Retracement 161.8 of the most recent correction to the up-movement starting on Sep 30th 2024.
Those argument create a massive Resistance Cluster at 1.17500 - 1.19600.
Altogether I have six argument to believe the local uptrend on EURUSD simply expired. But of course I may be absolutely wrong and EUR will go up from where it is now.
Just my humble opinion






















