praveen.bhatiya

Bearish Gartley Pattern

Short
NSE:BATAINDIA   BATA INDIA
227 views
I've observed a Bearish Gartley Pattern which seems to have started working. One can try a short trade by providing the high of today as stop loss. Honestly speaking I am not an expert on Harmonic trading. I knew the concept but never experimented with it. Restarting it with paper trading. Experts are welcomed to add their comments.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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@Gaurav3413, Nice analysis, Let's wait for completion of the H&S pattern.
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Good find.... Love patterns :)
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@NI3_SHARMA, Thanks, I too specially Gartley.
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NI3_SHARMA praveen.bhatiya
@praveen.bhatiya, What is three drives pattern ??
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@NI3_SHARMA, The three drives pattern is a reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension.

It can signal that the market is exhausted in its current move and a possible reversal is about to occur on the price chart. For example
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@NI3_SHARMA, Just forgot to mention in my reply that symmetry of the drives are very important. Hope it helps.
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NI3_SHARMA praveen.bhatiya
@praveen.bhatiya, Yes , got your point .... Thank you for the information .... :)
Happy to see a HEALTHY COMMUNITY @ tradingview
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@NI3_SHARMA, Yes a good platform to learn and grow together.
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perfect find sir..! also the reversal points and the take profit point coincides with monthly resistance and pivot...
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