PRZ has 1.27BC projection, .786XA retracement and equivalent AB=CD. Targets on chart.
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. :) :) :) :) Peace. UPDATE: As I said - Waiting for the full completion @ D point. We touched it aand we hit...
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 the continuation of the predominant trend. The...
Crab with 2.24AB=CD (the 1.618 is way far behind to be at any importance) , 3.14BC projection and 1.618XA extension in the PRZ. SL @ 1.07. The RiskReward ratio is good standing at around 3.7. Since the RSI show such an oversold state I would personally execute the trade right after it touches the D point. Another important thing. Since the high volatility this...
We have our RSI at oversold state. The whole PRZ has been tested and we have a reversal signal right above it . The blue line represents the trend line which in my opinion has to be broken to have a valid reversal with this Gartley. I'd personally wait for a breakout to the downside to confirm my short entry. About the PRZ: AB=CD completion is on the first PRZ...
Gartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the...
The daily trendline on USD/CAD is aligning with a potential Gartley pattern so watch it. There is also a baby Bat possibility. You can see it better on the 1H chart. Thats all, folks.
AB=CD completion below the .786 level which gives us the bottom of the PRZ. 1.618 BC and .786 XA aligning. TP1 - 119.610 TP2 - 119.850 Thats all, folks.
A narrow PRZ (Potential Reversal Zone) Equivalent AB=CD within it. SL - 120.550 TP1 (.382 of the AD move) - 119.440 TP2 (.618 of the AD move) - 118.960 Thats all, folks.
Target 1 is .382 retracement Target 2 is .618 retracement Thats all, folks !
So here is the deal. On 4h we can see a nice Gartley pattern that has a narrow PRZ (Potential Reversal Zone) right at the .786 projection. The AB=CD completes right next to the D point I personally longed cause the price action in the PRZ shows exhausted bears. More interesting about this short term reversal is that it complements one of my ideas pretty well. As...
A casual bat which might be triggered by today's news around Draghi and the FED
The daily trendline and the many time tested key structure level are now crossing. An end of the downtrend is possible.
We had a nice harmonic rally to the 1300's now we are standing on a .618 retracement of the same exact AB=CD (XA of the pattern) its also aligning with the .786 retracement of the CD leg. And another 2 reasons to think of a retracement is that in 1H charts we have a double bottom formed right on a structure level. All of these factors suggest a rally but we can...
Although its a bit early to look for this last 2 swings stop play around that favourite of ours .618 level. Watch it.