U see what u see. Gartley butterflies bats all there. Limit orders used as entries of these potential bad boys are prefered since they kill all the emotions durring the entry process. Fucking it up because of overthingking and feels is always bad.
MY OPINION :)
Zooming in would be useful in this one. First, starting from the biggest one which is a possible bat pattern. It's time frame is daily but I decided to include it in the 4h chart idea. 2nd is the Green Gartley pattern mesured by 1.27AB expansion D point. The other 2 patterns are gartleys as well mesured the same ...
1 Bearish pattern right on a structure level and two bullish patterns which are probably getting invalidated but i still want to include them in this idea so you guys can see them - a bat pattern and a gartley pattern. Soo we are waiting to see what the price does.
Everything aligning around the structure level and the Cypher pattern. The Gartley pattern is with 1.27AB ext. D point which so far does amazing job. Everything else is on the chart. Entering in the blue window. Have fun.
A couple of possible patterns. Green Batman pattern, Blue Gartley and another Batman pattern this time in red (its almost on .618 but hasnt quite touched it yet so its still a bat). The bearish patterns have structure just on their D point which is another reason to trade them. HARMONICS ARE BEAUTIFUL
So the blue resistance is above the bat completion and if we have a trend continuation (BEAAARISH) we shall bounce off that resistance. So if it reverses and enters the zone place stops below it to secure some pips. If we get a bounce short positions will be a fact.
So, fellas, the blue rectangle represents a pretty strong resistance for todays price action. The level has been tested quite lot and we have a lack of price momentum right in that exact area. Further price decline will form a gartley pattern since the .618 level is around that resistance level I was talking about. ...
We are getting close to a Batman pattern completion but meanwhile check out the history for 2 years.
5. And now a big Batman's near completion.
The one with the lowest X is a bat which is devolping. Then it's the purple bat which just completed. Then its a butterfly completin at the same level. It would contonue the downtrend to complete a daily gartley after a retracement cause of all of these patterns :)
I personally wait for point D to be reached. The pattern has hit 2 PRZ level though. And considering the strong bullish market and the fundamentals we might have to trade this pattern as a harmonic level breakout. So watch this setup guys.
B point is 618. :) :) :) :)
As I said - Waiting for the ...
Google has been playing with harmonics last few months. Everything is on chart but I will still explain it.
Gartley completed and reversed right after a slight touch of the PRZ. The price didn't really touch the first target but the PPZ (Profit Protection Zone) covered the position with a small profit right before ...