Forming a Bearish Gartley Pattern, finding resistance around the .786XA mark which is also the area of the AB=CD. !.27 BC projection makes up the bottom area of the price reversal zone. Awaiting price action and confirmation.
Any Comments?
EUR/JPY 4H chart. Price has formed a potential AB=CD pattern starting from 27JULY forming C leg at 21JULY with a close .786 retrace. The projection from this is a 1.27 Extension from B. 5-0 Pattern originates just after the 27JULY with a C Leg forming at a 1.13 extension of A. D leg then forms at 2.24 extension of A. 50% of B-D is the next area for entering a buy,...
Very harmonic stock, first bat pattern start at July, which completes and reverses nicely in Oct. The D point of the first Bat Pattern forms the C point in AB=CD. D point reversal also forms the X leg of the second Bat Pattern of which the A point completes where AB=CD, and sharply reverses. Price reverses off the .886XA in the Gartley Pattern which Fibonacci...
AMBARELLA INC (AMBA) Bat pattern execution with a 2.24 B-C projection showing extreme price action. respected the PRZ with a 1pt difference between top end and lower end. would prefer more harmonic numbers in this area however price action in good and has reversed nicely.
Fibonacci retracement too shows areas for TP, 0.382 looking like key support area so...
Linking To the Gartley on the Daily chart, Bearish Bat has formed and been respected on the 15min, hopefully inficating the direction of price, reinforcing the prediction on the daily chart
Any thoughts/ Criticisms??
AUD/USD showing a Bullish Gartley Pattern on Daily chart, bouncing off the .618 and.786 marks, expecting a retrace to around the area where D is.
Any Thoughts/Criticisms?
Possible butterfly pattern emerging. Price respected 0.886 of XA shown by a rejection. Price tried to test it one more time and failed, falling to a .50 retrace of the AB leg. Although a stronger number ie .618 would've been preferred, .50 may be shown to be reversal point if price action develops. What do you guys think?
Just started using harmonics as a trading...
