Using the 15m Bearish Crab at the 224% projection of BC gives an excellent, now risk free entry, to this 1H bearish Gartley.
This trade should only be considered as a hedge to those already running longs in profit.
Perfect Bearish Deep Crab adding confluence to the 1H Bearish Gartley.
Using the 224% BC projection for entry offers a great short hedge which is now risk free.
Adding confluence to the Daily Crab , this Deep crab has hit the required measurements of 161.8% XA, AB=CD 127.2% and the 261.8% BC projection.
Reversals of this magnitude are generally volatile processes and take a considerable amount of time.
Expect a large amount of choppy movement as the bears begin to take control back from the Bulls.
Higher time frame...
Adding confluence to the Daily Crab, this Deep crab has hit the required measurements of 161.8% XA, AB=CD 127.2% and the 261.8% BC projection.
Reversals of this magnitude are generally volatile processes and take a considerable amount of time.
Expect a large amount of choppy movement as the bears begin to take control back from the Bulls.
Higher time frame...
The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has managed to hit the first take profit level of the Gartley, continueing the bullish momentum beyond the entry level for the Daily Bearish Butterfly.
The strength of the bearish pressure at the 1.21226 entry level of the Butterfly has managed to...
The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC...
Combined with the entries of the 4H Gartley and the 1H Butterfly , this Deep Crab had a strong reaction at the entry line, hitting both TP1 and TP2 with out much...
Forming after the rejection off the Daily Bearish Butterfly entry, the Bullish Butterfly on the 1H time frame manged to hit TP1 off the intial reaction.
All the Harmonic patterns I trade require a minimum of an AB=CD pattern present in their structure to be valid.
The AB=CD of this Butterfly is represented by the Purple 100% line on the chart. When price...
The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has managed to hit the first take profit level of the Gartley , continueing the bullish momentum beyond the entry level for the Daily Bearish Butterfly .
The strength of the bearish pressure at the 1.21226 entry level of the Butterfly has managed...
The Higher time frame analysis I publish is to be used to form a bias for trading on the intraday time frames.
Price has been rejected multiple times at the Butterfly entry line (127.2% XA) and at the 224% BC projection.
Although the 224% BC projection aligns closely with the 127.2% XA extension, price may potentially push higher to the extreme 261.8% of BC...
How to hedge trade using Harmonic patterns.
Building a risk free position in both directions.
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Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a third entry at the 50% retracement level.
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-...
Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a second entry at the 50% retracement level.
Following the same process as the initial entry I now have 2R profit secured with a full sized risk free position running.
Through my research whilst studying Scott Carneys Harmonics methods I devised the 50% retracement system.
This system allows me to enter higher time frame patterns with considerably smaller stops.
Entering at the 50% retracement with a stop at the 25% allows me to create a risk free position by closing 50% at 2R (100%).
I carry out this system on the 1m time...
