Despite the cluttered chart I think we have a Fib confluence area build around two common harmonic patterns - Gartley 222 (Redish area) and the Cypher (Blue area). Whether you sold the 88% retracement ()In the CYpher scenario or the 78% retracement ()the Gartley scenarioI think we have a good scenario for a short trade. Protecting stop at 1 to 1 then and aiming...
We have an opportunity in the form of a Gartley 222. At the moment all Indeces are under sessling pressure so overal market condition supports.
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This is not financial advice So uhh ya boy was playing the free money trend line on SOFI buying calls when it hits the trendline and selling when the move slowed for quick profits. Did this for the last two weeks going into earnings hoping to catch a thrust up cause SOFI tends to make large moves on or around earnings. Then I spotted a bearish gartley forming...
We see the formation of a bearish Gartley harmonic pattern in the descending channel. The role of dynamic resistance is also very important. A resistance that the price has reacted to many times. It is expected that the price will experience a drop to at least the 1.7850 range. A breakdown of dynamic resistance and the ceiling of the descending channel will...
gartley pattern go down for sure. every detail shows a bearish side gartley pattern
Nice looking Gartley 222 respecting well the textbook Fib levels. Not exactly with the trend hence the longer target better be the closest top and not further as the chance of getting a 161% extension is not that great. At 1 to 1 or at the 61% Fib retracement put stop to entry. Bulkowski has an interesting article about bullish Gartleys quoting that the hit rate...
Gold is trading near a very strong demand area If price declines on the demand zone We could expect a bullish move which Could retest or break our current major high A bullish harmonic pattern can also be additional Confirmation for my bias...
support and resistance are terms for two respective levels on a price chart that appear. to limit the markets range of movement. the support level is where the price regularly stops falling and bounces back up while the resistance level is where the price normally stops rising and dips back dwon. first price open 2355 frinds support me and follow up thanks
Hello everyone, The markets are slightly ruffled lately and there is an opportunity to short HS50 on Monday. Trend: W1: Up D1: Down H4: Down Moving Average: Below the Daily MA H4 pointing downwards Pattern: Gartley on M15 Strong resistance at 16450. Target is 16000 Double top on H1 and lots of divergence Stop loss of 40 pips and a target of 120.
Tesla is forming a gartley pattern, If it close below 237, it can get into a bear grip and can see 223/200/177
Reasons for bullish bias: - Price gave LH plus strong resistance breakout - Triangle pattern - Bullish Gartley on weekly Here are the recommended trading levels: Entry Level(CMP): 31.53 Stop Loss Level: 24.52 Take Profit Level 1: 38.54 Take Profit Level 2: Open
Introduction: In this technical analysis report, we will delve into the current market conditions of Ethereum (ETH/USD) and provide insights based on the formation of an Anti-Gartley Harmonic Pattern (XABCD). Our analysis aims to guide traders in making informed decisions regarding entry points, stop-loss levels, and potential profit targets. Pattern...
Hello Traders, Great Day! Look what we have found on the EURUSD chart. Is the Gartley Pattern gonna work like magic? Watch out for latest news. Wish can go long from $1.06000 till $1.1000 (the EURUSD favorite marque). What do you all think?
Following a new ATH set at $73,000 a bearish Gartley harmonic pattern formed on the bitcoin 4-hour chart. It retested the PRZ multiple times and hit both type 1 and type 2 price levels on the reversal.
Trade Strategy: Combo Trade (Bullish Deep Gartley + Bullish Shark) Key Levels: - Bullish Deep Gartley Pattern: 4-hourly chart - Bullish Shark Pattern: 1-hourly chart - Trading Zone: Coincides with Bullish Shark completion Analysis: - Importance: Utilizes a combo trade strategy for enhanced risk management and profit potential - Technical Analysis:...
Bearish Gartely completed. PRZ OK. Short $612 - SL above X. TP's on chart